Explain law of demand says that higher prices should lead, Microeconomics

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Explain law of demand says that higher prices should lead

Problem

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.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain law of demand says that higher prices should lead

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Microeconomics: Explain law of demand says that higher prices should lead

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