Rent for a 3-bedroom apartment is regularly $936 per month. Apartment management is now offering one month free for a 12-month lease. If you sign a one year lease and apply the free month equally across months, how much is your monthly lease amount?

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?