While crime rates fell across the country over the past few decades, they fell especially rapidly in

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While crime rates fell across the country over the past few decades, they fell especially rapidly in Manhattan. At the same time, there were some neighborhoods in the New York metropolitan area in which the crime rate remained constant. Using supply and demand diagrams for rental housing, explain how a falling crime rate in Manhattan could make the residents in other neighborhoods worse off.

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Macroeconomics Principles and Applications

ISBN: 978-1133265238

5th edition

Authors: Robert e. hall, marc Lieberman

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