Suppose that demand for built space in a local market is


Question: Suppose that demand for built space in a local market is growing. Does this imply that rents will rise? Why or why not? Differentiate between rent changes in the short run and the long run. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Basic Statistics: Suppose that demand for built space in a local market is
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