What would happen to the price of inner-ring apartments


. In the text we assumed that the condominium purchasers came from the inner-ring people-people who were already renting apartments. What would happen to the price of inner-ring apartments if all of the condominium purchasers were outer-ring people-the people who were not currently renting apartments in the inner ring?

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Microeconomics: What would happen to the price of inner-ring apartments
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