Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 6 - Elasticity - Discussion Questions - Page 150: 2


Such a rule would make the demand for dorm rooms inelastic or insensitive to price changes because students are required to live in dorm rooms as per rule no matter the price. The demand for the rented room would, however, become more elastic or sensitive to price changes.

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