Tuesday, May 20, 2008

Unit 1: The price of renting a property

The BBC reports that millions of people who rent their homes are facing big increases in the amount they pay each month.

http://news.bbc.co.uk/1/hi/uk/7409966.stm video

a) Using supply and demand analysis (including a diagram), explain why rents are rising
b) Using supply and demand analysis (including a diagram), explain why rents for flats in Leeds are falling

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