Econ , Business Economics

What effect would a rule stating that university students must live in university dormitories have on the price elasticity of demand for dormitory space? What impact might this in turn have on room rates. Construct a graph listing occupancy as the X axis and room rates as the Y axis. Illustrate the impact on room rates and dormitory occupancy due to the University’s mandate students live on campus.


Posted Date: 12/19/2012 1:30:55 AM | Location : United States







Related Discussions:- Econ , Assignment Help, Ask Question on Econ , Get Answer, Expert's Help, Econ Discussions

Write discussion on Econ
Your posts are moderated
Related Questions
State the term checkpoint in project management methods. Checkpoint in project management methods: The Checkpoint is the ordinary (probably weekly) meeting of a project o

Explain how the economic theories applied in business economics

different types of firms

Question: There are currently some 421 Regional Trade Agreements (RTAs) around the world. These RTAs normally provide preferential treatment to member countries, which is again

Problem 1: (i) Assuming a Cournot duopoly where the market demand is estimated as: P = 100 - Q The marginal cost is estimated to be constant at Rs. 10 for the two fir

Explain Marris’ Growth Maximisation Model in detail. Explanation of the model Constraints Demerits

Problem: i) Evaluate the following statement: "The First Theorem of Welfare Economics states that as long as producers and consumers act as perfect competitors and there ar

Illustrate liberalise or open up trade in market for promoting development? Liberalise or open up trade implies that: • Abandoning fixed exchange rates and elimination of re

In your own words, describe the meaning of average cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that

What is the effectiveness of Non-Government Organisations, within the promotion of development? Critics argue NGOs (Non-Government Organisations): • Are self-serving and se