1. If institutional investors decide to reduce the proportion of real estate held in their portfolios, cap rates for investment property will
a. decrease.
b. remain unchanged.
c. increase.
d. change in an indeterminate manner.
2 .If the financial services industry decides to dramatically increase hiring, the demand curve for office space in New York City will
a. shift in.
b. shift out.
c. remain unchanged.
d. change in an indeterminate manner.