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A Local University Decides to Double Its Enrollment Over the Nextfive

Question 8

Multiple Choice

A local university decides to double its enrollment over the nextfive years in order to increase tuition revenue. Which of thefollowing would most likely occur in the market for rentalhousing in the surrounding community?


A) a decrease in the price of rental housing
B) an increase in the demand for rental housing (True Answer ) Correct
C) a decrease in the supply of rental housing
D) a population change leads to a change in quantity demanded, not demand

Correct Answer:

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