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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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