Author Question: Following Example 8.8 in the book, the long-run supply of rental housing in most U.S. communities is ... (Read 61 times)

RYAN BANYAN · **on:** Jul 1, 2018

Following Example 8.8 in the book, the long-run supply of rental housing in most U.S. communities is more inelastic than the long-run supply of owner-occupied housing. Why?

A) Local rental housing regulations
B) Limited demand for rental housing
C) Limitations on the urban land available for rental housing
D) A and C above are correct

Question 2

For the most part, differences in wealth do reflect current labor market discrimination.

Indicate whether the statement is true or false