Explore BrainMass
Share

Explore BrainMass

    Should university students live in dormitories?

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    In a practical sense, write your opinions on the effect a rule stating that university students must live in university dormitories would have on the price elasticity of demand for dormitory space. What impact might this in turn have on room rates and attending university if at all?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:05 am ad1c9bdddf
    https://brainmass.com/economics/demand-supply/university-students-living-dormitories-448817

    Solution Preview

    The law of demand says that consumers will buy more of the product if price decrease and that consumers would by less of a product if price increase. Regardless of the price increase or decrease, the amount of products that consumers would buy varies from product to product and over ...

    Solution Summary

    This solution discusses whether university students should live in dormitories.

    $2.19