! CloseSince 2011. the average monthly rent has doubled in Budapest. On average, the real estate market increased trom 130 thounend Hungaran forit or HUF (420) per month in2017 to 140 thousand HUF (450) in 2018. At the same time. a large number of new condon are being buit aoross the Hungaan captaHow is this possible?OA It the number of apartments offered for rent is a constant, the only way prices can rise ishe demand increases. the demand increases ata higher rate than thesupply, then such a situation is possible.O8. if the demand is constant, the only way prices can rise is the number of apartments ofored for rent decreases. If the supply decreases at a higher rate than thedemand decreases, then such a situation is possible.C. This is hard to explain because an increase in the number of apartments offered for rent should result in a tal in the monthly rent if the demand is constant.OD. This is hard to explain because a rise in the monthly rent should result in a decrease in the number of apartments offered for rent.

The average monthly rent has doubled in Budapest. On average the real estate market increased from…

Answered: Since 2012, the average monthry rent…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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