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Consider supply and demand in the market for privately-owned apartments in Moscow. What market outcomes do you predict in this market if the University of Idaho eliminates the requirement that freshmen must live on campus?

a. Price and quantity will both decrease

b. Price and quantity will both increase

c. Price will increase, quantity will decrease

d. Price will decrease, quantity will increase

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707612

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