https:/g.cengage.com/staticb/ui/ev CENGAGE | MINDTAP News Analysis: Rent Rates, Vacancies, and Rent Controls Back to Assignment d Study Tools Attempts | 0.5 Keep the Highest 0.5/ 2 ions 1. Understanding the forces that determine rental prices and vacancy rates cess Tips Understanding the forces that determine prices in the market for rental housing involves analysis of the effects of regulatory constraints such as rent cess Tips controls, job growth, and income growth. As you will see, the theory of supply and demand proves to be very helpful in conducting such an analysis. RENTS HIT ALL-TIME HIGHS AMID JOB GROWTH AND LOW VACANCY RATES, BY JEFF COLLINS. ORANGE COUNTY REGISTER, APRIL 17, 2017 Some residents at the Hunting e start of the month Notices affixed to their front doors y thanked them for renting in the it, gated, well landscaped, pet-friendly complex. Then the notices added, effective June 1, their rent would go up by $400 to $600 a month, depending on whether they sign a lease. The on-site manager has warned other tenants in the complex their rent hikes are coming in the months ahead, saying: "It's going to be ugly." No explanation was given, and the manager declined to comment further. From: Jeff Collins, "Rents Hit All-Time Highs Amid Job Growth and Low Vacancy Rates.- Orange later, April 17, 2017. Permissions Copyright @ 2017. am rights reserved. According to the article, which of the following are reasons for low vacancy levels? Check all that apply High home prices DHigh unemployment Limited supply of rental properties Too many low-income workers According to the article, which of the following types of tenants are more likely to be affected by the rent price increases? Check all that apply Retirees Low-income workers DHigh-income workers Grade It Now Save & Continue continue without saving