Ceteris paribus, if the vacancy rate in an apartment complex increased from 5% to 20% over the past two years, we would expect to see
A) the price decrease leading to an increase in quantity supplied.
B) the price decrease leading to an increase in quantity demanded.
C) the price decrease leading to a decrease in quantity demanded.
D) the price increase leading to a decrease in quantity demanded.
E) the price increase leading to an increase in quantity supplied.
Correct Answer:
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