New Equilibrium Following an Increase in Demand
Following an increase in market demand, the new demand curve intersects the supply curve at a new equilibrium. This results in a higher number of tenancies traded, exceeding the original 8,000, and a new, higher equilibrium rent of €830.
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CORE Econ
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ
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