A Local University Decides to Double Its Enrollment Over the Next

question 27

Multiple Choice

A local university decides to double its enrollment over the next five years in order to increase tuition revenue. Which of the following would most likely occur in the market for rental housing in the surrounding community?

• A) a decrease in the price of rental housing
• B) an increase in the demand for rental housing
• C) a decrease in the supply of rental housing
• D) A population change leads to a change in quantity demanded, not demand.

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Definitions:

Mainframe Computers

Large, powerful computers used primarily by large organizations for critical applications, bulk data processing, and enterprise resource planning.

Wearable Computers

Electronic devices designed to be worn on the body, such as smartwatches and fitness trackers, offering various functionalities.

More Expensive

Denoting a higher price point or cost in comparison to another item or service, often due to better quality, scarcity, or higher demand.

Trend

A general direction in which something is developing or changing, often identified through analysis of data over time.