DQ 2 Give an example of the Law of Demand the Law of Supply.In the rental marke

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DQ 2 Give an example of the Law of Demand the Law of Supply.In the rental market [choose one class to where you live or whereyou work] tell us the equilibrium rental for a 2 bathroom 2bedroom apartment in a safe neighborhood close to greattransportation. What is the rent for one of those apartments? Whatwould cause an outward shift of demand? In the minimum wagemarket who is the supplier and who is the demander of labor? Ifthe government raises the minimum wage does the demand for minimumwage workers increase decrease or stay the same? Use the Law ofDemand to answer.

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