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After the Recent Financial Crisis, New Rules and Regulations Regarding

Question 246

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After the recent financial crisis, new rules and regulations regarding mortgage lending made it more difficult for many families to purchase a home. Draw a supply and demand graph illustrating the impact of these new, harsher, mortgage-lending laws on the rental housing market. Predict what will happen to the price of rental housing as a result of these new laws.

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The more stringent mortgage lending laws...

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