Answer to Question #141767 in Microeconomics for Danilo

Question

a. Analyze the microeconomic explanations of why the real estate price of the London city is continuously increasing. Use diagram to support your answer.

b. In an effort to provide more affordable rental housing for low income families, the city council plans to impose a rent ceiling below the current market equilibrium rent.  Explain the impact of the price 

Answer 1

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