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To rent or to buy? These are questions individual consumers face when deciding where to live. Explain, with the aid of graphs, what would happen

To rent or to buy? These are questions individual consumers face when deciding where to live. Explain, with the aid of graphs, what would happen to the demand/quantity demanded for both purchased and rental properties if the price of rental properties increases, ceteris paribus. (Note: Six marks for the graphs and four marks for the explanation).

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