Please list and discuss what happens to the Supply and Demand forces in the market for rental housing in a typical, “popular” U.S. city (metro area) over a typical twelve month period (before March 2020): what happens to Demand? Why? What happens to Supply? Why? What happens to price and quantity as a result over this one year time frame? Why? In theory, what happens to the price and quantity of rental housing over a typical ten year period?
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