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It's not a trick question, and it's not as simple as matching the percentages. Rents can raise by more than 100%, but total supply caps at 100%. If AirBnB contr
by xboxnolifes 3y ago
It's not a trick question, and it's not as simple as matching the percentages. Rents can raise by more than 100%, but total supply caps at 100%. If AirBnB controlled every rental unit, rental prices wouldn't go up exactly 100%.
- nprateem 3y agoOf course, but unless you're going to work out the price elasticity of supply/ demand, you might as well just assume it's one as a starting point.