Each of the following sets of graphs were presented in lecture or in your readings for the course.

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

Section A Quantitative Reasoning. Answer all of the following questions. Show all work or reasoning. (70 pts)

1. What if... (30 pts)

Each of the following sets of graphs were presented in lecture or in your readings for the course. Follow the prompt to modify the graphs carefully. Explain the new results or equilibria in urban economics contexts. You may need to replace or redraw certain lines/curves. Graphs presented without explanation will not receive any credit. Each set (new graph(s) + explanation) is worth 10 pts.

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