Severely reduced the number of offices available for lease

Assignment Help Business Economics

Reference no: EM13998588

The attack on the U.S. in 2001 severely reduced the number of offices available for lease/rent in downtown Manhattan (New York City). At the same time, believing that downtown Manhattan was a known terrorist target caused many businesses in the area to relocate to safer locations Assuming no other changes in the commercial real estate market in downtown Manhattan, we should expect the lease/rent price for office space and Manhattan to increase. Indicate whether this statement is TRUE or FALSE; and then provide support for your answer.

Reference no: EM13998588

Questions Cloud

Two goods being produced in the economy : Suppose there are two goods being produced in the economy: robots and wheat. Robots are a capital intensive good and wheat is a labor intensive good. Supposethat there are two countries: France and Brazil. France is capital abundant andBrazil is labo..

Use the concept of optimum fringe benefits : Use the concept of "optimum fringe benefits" to assess the wisdom of Congress mandating that employers offer some specific fringe benefit (daycare for children of employees, say) free of charge.

Rightward shift in demand will cause an increase in price : Suppose one of your friends offered the following argument: A rightward shift in demand will cause an increase in price. The increase in price will cause a rightward shift of the supply curve, which would lead to an offsetting decrease in price. Ther..

Generate decrease in the market demand for e-book readers : Identify which of the following would generate a decrease in the market demand for e-book readers, which are a normal good. Write your answer in the space below each change in the market. Write YES if you think that the change would decrease market d..

Severely reduced the number of offices available for lease : The attack on the U.S. in 2001 severely reduced the number of offices available for lease/rent in downtown Manhattan (New York City). At the same time, believing that downtown Manhattan was a known terrorist target caused many businesses in the area ..

Budget set of an individual in the monetary equilibrium : Consider an economy inhabited by overlapping generations of two-period-lived individuals, each of whom receives an endowment of y in the first period of life and none in the second. The population of newborns grows as follows: Nt = nNt−1, where n > 1..

What macro-environmental forces does the accounting industry : What macro-environmental forces does the accounting industry need to consider? Political, Economic, Socio-cultural, Technological, Legal, Environmental (natural)

Current international monetary fund lending policies : What opportunities might current International Monetary Fund (IMF) lending policies to developing nations create for international businesses?

Deceased cigarette taxes in several canadian provinces : According to this Application, after the government deceased cigarette taxes in several Canadian provinces, demand for cigarettes ________ in these provinces, shifting the demand curve to the ________.

User Account

All Pages