ECON TOLA: Microeconomics (Fall 2021/22) Maimaiting Soo924 ASA 4.1 The Price System: Rationing... Question 1. Text Proble.. Ocorrect O Points of 1 Close Since 2011, the average monthly rent has doubled in Budapest. On average the real estate market incromed from 130 monand Hurgan tortor HUF 4420) per month in 2017 to 140 thousand HUF (450) in 2018. At the same time, a wge number of new condo me being built on the Hungarian How is this possible? O A If the number of apartments offered for rent is a constant, the only way prices can rise is the demand increase the demand in a higher ratante supply, then such a situation is possible 8. If the demand is constant. The only way prices can rise is the number of apartments offered torrent decreases. It the supely decreases at a higher rulo Tan the demand decreases, then such a situation is possible. c. This is hard to explain because an increase in the number of apartments offered for rent should result in a tot in the monthly rent if the demand in constant D. This is hard to explain because a rise in the monthly rent should result in a decrease in the number of apartments offered for rent 06-23 A 2021-00 10.40.35 2021 TO Grapher Print Clear all Check swer ECON TOLA: Microeconomics (Fall 2021/22) Maimaiting Soo924 ASA 4.1 The Price System: Rationing... Question 1. Text Proble.. Ocorrect O Points of 1 Close Since 2011, the average monthly rent has doubled in Budapest. On average the real estate market incromed from 130 monand Hurgan tortor HUF 4420) per month in 2017 to 140 thousand HUF (450) in 2018. At the same time, a wge number of new condo me being built on the Hungarian How is this possible? O A If the number of apartments offered for rent is a constant, the only way prices can rise is the demand increase the demand in a higher ratante supply, then such a situation is possible 8. If the demand is constant. The only way prices can rise is the number of apartments offered torrent decreases. It the supely decreases at a higher rulo Tan the demand decreases, then such a situation is possible. c. This is hard to explain because an increase in the number of apartments offered for rent should result in a tot in the monthly rent if the demand in constant D. This is hard to explain because a rise in the monthly rent should result in a decrease in the number of apartments offered for rent 06-23 A 2021-00 10.40.35 2021 TO Grapher Print Clear all Check swer