The rent for 2-bedroom apartments in Las Vegas rose from an average of $954 in June 2017
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The rent for 2-bedroom apartments in Las Vegas rose from an average of $954 in June 2017 to $1,038 in June 2018. Demand for 2-bedroom apartments in Las Vegas was rising during this period as well. This is hard to explain because the law of demand says that higher prices should lead to lower demand.
Do you agree or disagree? Explain your answer.
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Related Book For 
Principles Of Economics
ISBN: 9780135161104
13th Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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