Lernkarten

Karten 336 Karten
Lernende 1 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 28.05.2019 / 29.05.2019
Lizenzierung Namensnennung - Nicht-kommerziell - Keine Bearbeitung (CC BY-NC-ND)     (Unversité de Genève, cours de Pr. Monika Mrazova)
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9 Exakte Antworten 327 Text Antworten 0 Multiple Choice Antworten
Fenster schliessen

Questions about how appartments rents are determined

- Who will rent close appartments?

- At what price?

- Will the allocation of appartments be desirables at any sense?

Fenster schliessen

Two basic postulates

Rational choice and equilibrium
Fenster schliessen

Rational choice

Each person tries to choose de best alternative available to him or her
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Equilibrium

Market price adjust untill quantity demanded equals quantity supplied
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Market demande curve

The quantity demanded vs price graph
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Supply for appartments

Quantity fixed
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Low rental price

quantity demanded of close apartments exceeds quantity available ) price will rise
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High rental price

quantity demanded less than quantity available ) price will fall