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Owners of multifamily apartment buildings are falling behind on loan payments. Building income for some has been insufficient to cover bank loan payments due to the federal eviction moratorium and “tenants not paying rent,” The Wall Street Journal reported.1 The Biden administration proposed continuing the current eviction and foreclosure moratoriums, which are scheduled to end in March, through September.
Meanwhile, a shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though the price remains the same. For instance, if the price for a bottle of beer was $2 and the quantity of beer demanded increased from Q1 to Q2, there would be a shift in the demand for beer. Shifts in the demand curve imply that the original demand relationship has changed, meaning that quantity demand is affected by a factor other than price. A change in the demand relationship would occur if, for instance, beer suddenly became the only type of alcohol available for consumption.
Like a movement along the demand curve, the supply curve means that the supply relationship remains consistent. Therefore, a movement along the supply curve will occur when the price of the good changes and the quantity supplied changes by the original supply relationship. In other words, a movement occurs when a change in quantity supplied is caused only by a change in price and vice versa.
03/11/2021
03/11/2021
03/11/2021
03/11/2021
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