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 plus. 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.