Economics class: UK rental costs rise at record 9.2%
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Specification:
Demand and supply, price elasticity of demand, price elasticity of supply
Click to read the article and then answer the questions:
UK rental costs rise at record 9.2%
Identify two supply-side factors which have contributed to the record increase in private rental costs
Identify one demand-side factor which has contributed to the record increase in private rental costs
With reference to your answers to questions 1 and 2, use a demand and supply diagram to analyse the upside pressures currently afflicting the private rental market
With reference to the chart, compare house prices with rental prices during the period shown
Gavin Clarke, Emmanuel College
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