Post Lesson 6/Pre Lesson 7

Today we discussed shifts and focused on opportunity cost and alternatives. Please complete the reading for Lesson 8:

SUP 25-31, BE 49-52 and one section from BE 52-58. For your journal answer the following question:

How does rent control affect the quality of housing, the average age of housing, and the number of people per apartment?

I gave today's lesson a check minus, you all have to pick up the comments. Remember those fundamental questions and that changing Demand or Supply means changing the whole function (desiring more or less quantity at every price) and not just a change in price.