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Author Question: The long-run elasticity of supply of rental housing is greater than the short-run elasticity of supply because (Read 36 times)

billyboy7272

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on: Oct 12, 2022

Question 1

The short-run supply for rental housing is quite ________ while the long-run supply for housing is quite ________.
◦ inelastic; inelastic
◦ elastic; inelastic
◦ inelastic; elastic
◦ elastic; elastic
◦ flat; steep

Question 2

The long-run elasticity of supply of rental housing is greater than the short-run elasticity of supply because
◦ investment in new rental housing has such a short payback period.
◦ changes in supply occur only after investment decisions are made regarding, for example, new construction or conversion of rental housing to other uses.
◦ the demand for rental housing is changing continuously.
◦ in the long run, landlords have no incentive to alter the supply of rental housing.
◦ changes in supply can occur very quickly, especially when rent controls are in place.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by billyboy7272 on Oct 12, 2022

Nutellas_Good

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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billyboy7272

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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