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The rent for apartments in New York City has been rising sharply. Demand for apartments in New York City has been rising sharply as well. This is hard to describe because the law of demand says that higher prices should lead to lower demand. Do you agree or disagree? How is this going to affect prices in the market for New York City?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M970571

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