Supposed the law prescribed the renter to vacate an apartment within 30 days after being served with an eviction notice To

Question

Supposed the law prescribed the renter to vacate an apartment within 30 days after being served with an eviction notice To protect renters th government passes a new law under which the renter must vacate the apartment in 90 days The following graph shows the market for rental properties where the demand curve represents demand for apartments under the old eviction Adjust the following graph to show the effect of the new eviction law on the market for rental properties PRICE Apartment Ren 140 120 14 24 14 1 0 3021 QUANTITY Darents QUANTITY A falls rises sed on the graph the rental price rises QUANTITY Apartments Supply Demand to THE 100 Demand Supply 60 50 and the number of available apartments increases Grade It Now increases decreases

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