2007-11-08 08:19:01 · 3 answers · asked by Anonymous in Social Science ➔ Economics
If you do not mean lawless by unregulated the shift to the new equilibrium would be slow. Since most tenets have leases price increases could only happen as leases expired. At this time landlords would increase rents to market clearing price, and many tenants would move to smaller cheaper housing rather than pay the higher rent. This would increase the space available to meet the increase in demand and over time market equilibrium would be reached. The the market clearing price would initially be very high but would fall over time as the number of household without housing diminished. There would also probably also be new construction that would increase the supply, but this too would take time.
2007-11-08 14:37:32 · answer #1 · answered by meg 7 · 0⤊ 0⤋
Will create a shift of the demand curve to the right, which will increase the Price (equilibrium)
2007-11-08 11:38:23 · answer #2 · answered by Nep 6 · 0⤊ 0⤋
Rent To Own Home : http://RentToOwnHome.uzaev.com/?NmRi
2016-07-13 02:24:46 · answer #3 · answered by Silvia 3 · 0⤊ 0⤋