Assignment 1
Marketing Management
08-Apr-2016
Answer Any 3 questions. Each question carries 5 marks
1.The Municipal Corporation of a small college town decides to regulate rents in order to reducestudent living expenses. Suppose the average annual market-clearing rent for a two bedroomapartment had been Rs.10000 per month, and rents were expected to increase to Rs.15000 withina year. The Municipal Corporation limits rents to their current Rs.10000-per-month level.Explain what will happen to the rental price of an apartment after the imposition of rent controls.Do you think this policy will benefit students? Why or why not?
You've reached the end of your free preview.
Want to read all 3 pages?
- Winter '15
- nagendra
- Supply And Demand, Big Bird, Big Bird Air
