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Q1. Assume the price elasticity of demand for rental housing is 0.60 also the average rent increase from $275 every month to $325 every month. At $275 every 100,000 rental units are rented. Illustrate what percentage decrease in quantity demanded you would predict from the information. Approximately elucidate how many units would be rented at $325 every month?

Q2. Unemployment numbers drop as more jobless Americans Find out positions in local businesses. Which determinant of aggregate demand causes the change?

Q3. As a student at school, which of the four economy resources are you? Defend your answer.

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Business Economics, Economics

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