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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
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