what information do you need? Problem 03-02 Refer to the News Wire and graph below. NEWS WIRE: SUPPLY SHIFT Rents Rising in Hurricane's Wake Lake Charles Hurricane Laura wiped out a massive chunk of housing in southwest Louisiana. According to the governor's office, 10,000 homes were demolished and another 130,000 damaged by Laura's punishing 150mile-an-hour winds. With thousands of families seeking new shelter and a depleted stock of intact units, rents rose quickly. In the Lake Charles area, rents on spared properties jumped 10 -20 percent in the wake of the disaster. Source: Media reports of August 2531,2020. Market for Apartmentsinstructions: triter your resporises ds a wrivie nurnver. a. what is the initial (pre-hurricane) equilibrium rent per month? $ per month b. what is the pre-hurricane equilibrium quantity? thousand units per month c. how large is the pre-hurricane shortage? thousand units per month d. what is the post-hurricane equilibrium rent? $ per monthc. how large is the pre-hurricane shortage? thousand units per month d. what is the post-hurricane equilibrium rent? $ per month e. what is the post-hurricane equilibrium quantity? thousand units per month f. how large is the post-hurricane shortage at the pre-hurricane equilibrium rent? thousand units per month.

1. what information do you need?
Problem 03-02 Refer to the News Wire and graph below. NEWS WIRE: SUPPLY SHIFT Rents
Rising in Hurricane's Wake Lake Charles Hurricane Laura wiped out a massive chunk of housing
in southwest Louisiana. According to the governor's office, 10,000 homes were demolished and
another 130,000 damaged by Laura's punishing 150mile-an-hour winds. With thousands of
families seeking new shelter and a depleted stock of intact units, rents rose quickly. In the Lake
Charles area, rents on spared properties jumped 10 -20 percent in the wake of the disaster.
Source: Media reports of August 2531,2020. Market for Apartmentsinstructions: triter your
resporises ds a wrivie nurnver. a. what is the initial (pre-hurricane) equilibrium rent per month? $
per month b. what is the pre-hurricane equilibrium quantity? thousand units per month c. how large
is the pre-hurricane shortage? thousand units per month d. what is the post-hurricane equilibrium
rent? $ per monthc. how large is the pre-hurricane shortage? thousand units per month d. what is
the post-hurricane equilibrium rent? $ per month e. what is the post-hurricane equilibrium
quantity? thousand units per month f. how large is the post-hurricane shortage at the pre-hurricane
equilibrium rent? thousand units per month