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13. Suppose over the next several years the level of income and wealth falls in Israel because of the current war. For Israel's home-rental market
13. Suppose over the next several years the level of income and wealth falls in Israel because of the current war. For Israel's home-rental market we would observe: a. Less demand, less supply, and an increase in the quantity of homes rented in the new market equilibrium condition. b. Lower prices caused by a decrease in supply. c. A decrease in the quantity of houses supplied as demand decreases. d. A decrease in the quantity of houses supplied as quantity demand decreases. e. Price gouging in this market would be rampant
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