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The rent for apartments in New York City has been rising

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The rent for apartments in New York City has been rising sharply. Demand for apartments in New York City has been rising

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The rent for apartments in New York City has been rising sharply. Demand for apartments in New York City has been rising sharply as well. This is hard to explain because the law of demand says that higher prices should lead to lower demand. Do you agree or disagree? Explain your answer

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