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Answer to Question #76608 in Economics of Enterprise for monami obed
Question #76608
What would you expect to happen to the rents you can charge under the following conditions?
(i) A major organization in the city closes down.
(i) A major organization in the city closes down.
Expert's answer
(i) If a major organization in the city closes down, then we expect the rents you can charge to decrease, because the demand for accommodation falls.
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