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OpenStudy (anonymous):
can anyone please give a formula of how to calculate the free market price
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OpenStudy (anonymous):
Don't quote me on this but: Free market price should just be the Equilibrium price. So you find out when Quantity Supplied = Quantity Demanded and plug that Quantity in to find the price.
OpenStudy (anonymous):
Suppose the agency bows to the wishes of the board and sets a rental of $900 per month on all apartments to allow landlords a “fair” rate of return. If 50 percent of any long-run increases in apartment offerings come from new construction, how many apartments are constructed?
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