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Answer to Question #128935 in Microeconomics for shahzaib

Question #128935
In your college town, real estate developers are building thousands of new student-friendly
apartments close to campus. if you want to pay the lowest rent possible, should you hope
that demand is elastic or inelastic?
1
Expert's answer
2020-08-10T20:04:57-0400

Elastic demand because in elastic demand the price impacts quantity demanded.


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