(Answered) without using real numbers, what would a supply and demand curve look like for a rental crisis…

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without using real numbers, what would a supply and demand curve look like for a rental crisis where prices have increased and construction cant keep up with demand. using only microeconomics.
The basic diagram uses two labeled axes: the vertical axis for price and the horizontal axis for quantity of housing supplied or demanded. A standard downward sloping demand curve intersects an upward sloping supply curve at an initial market equilibrium.
Under a rental crisis where demand rises but construction cannot keep up, depict the following changes on the same axes:
Demand shifts outward (to the right) to reflect stronger preference or greater need for rental units. The new demand curve lies to the right of the original demand curve.
Short run supply is relatively inelastic because construction cannot be increased quickly. Represent supply as a steep, almost vertical curve compared with the demand curves.
The intersection of the new demand curve with the steep supply curve is at a higher price and at a quantity not much larger than the original quantity. This reflects a large price increase and only a small increase in units rented.
Graphically, the visual cues to include are:
Original demand curve labeled clearly.
New demand curve shifted to the right and labeled.
Supply curve drawn steeply to show limited responsiveness in the short run and labeled.
Arrows indicating the direction of the demand shift and an annotation that the price rises substantially while quantity rises only slightly.
Economic intuition and implications:
When demand increases faster than supply can adjust, rents rise because the limited available housing bids up prices.
Because supply is inelastic in the short run, the burden of adjustment falls mainly on renters in the form of higher prices rather than a large increase in quantity available.
Over time, if construction capacity expands or policies change, the supply curve may shift outward, easing prices. But until supply shifts sufficiently, the market experiences a shortage pressure and higher rents.
Policy responses that affect supply responsiveness or demand pressures will change the shape or position of the curves rather than change the basic microeconomic mechanism.

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