Assume that mayor deblasio has decided to increase the rent, Business Economics

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Assume that mayor deblasio has decided to increase the rent

Assume that Mayor DeBlasio has decided to increase the rent on rent-controlled/ stabilized apartments as a way to increase the number of apartments available for rent in New York City. Do you expect the elasticity of supply to influence the success of this policy? Explain in words and graphically.

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Business Economics: Assume that mayor deblasio has decided to increase the rent

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Business Economics: Assume that mayor deblasio has decided to increase the rent

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