18. Refer to Exhibit 2. Under law 1 a renter has 30 days to vacate an...

  

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18. Refer to Exhibit 2. Under law 1 a renter has 30 days to vacate an apartment after being served with an eviction notice. Under law 2, the renter has 90 days to vacate after being served with an eviction notice. This graph shows that the supply of apartments is under law 1 than under law 2, and thus apartment rent is under law 1 than under law 2. a. less; lower b. less; higher c. greater; lower d. greater; higher Apartment Rent d O S₂ (Law 2: 90 days) X Exhibit 2 S₁ (Law 1: 30 days) D Apartments 18. Refer to Exhibit 2. Under law 1 a renter has 30 days to vacate an apartment after being served with an eviction notice. Under law 2, the renter has 90 days to vacate after being served with an eviction notice. This graph shows that the supply of apartments is under law 1 than under law 2, and thus apartment rent is under law 1 than under law 2. a. less; lower b. less; higher c. greater; lower d. greater; higher Apartment Rent d O S₂ (Law 2: 90 days) X Exhibit 2 S₁ (Law 1: 30 days) D Apartments

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