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In your college town, the local government decrees that thousands of apartments close to campus are uninhabitable and must be torn down next semester. If you want to pay the lowest rent possible, should
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In your college town, the local government decrees that thousands of apartments close to campus are uninhabitable and must be torn down next semester. If you want to pay the lowest rent possible, should you hope that demand for apartments is elastic or inelastic?

User Claudio Fahey
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1 Answer

5 votes

Answer:

Inelastic

Step-by-step explanation:

I would be hoping that demand would remain relatively static in order to keep price down.

User BlackCetha
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