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5. The conversion of several large apartment buildings to condominiums will _____ the equilibrium price and _____ the equilibrium quantity of apartments rented by students.

5. The conversion of several large apartment buildings to condominiums will _____ the

equilibrium price and _____ the equilibrium quantity of apartments rented by students.

(a) increase; increase

(b) increase; decrease

(c) decrease; decrease

(d) decrease; increase

6. An increase in dormitory fees will _____ the equilibrium price and _____ the

equilibrium quantity of apartments rented by students.

(a) increase; increase

(b) increase; decrease

(c) decrease; decrease

(d) decrease; increase

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