Chapter 1 covers basic concepts students first saw in their introductory course but could bear
some repeating. Since most students will not have read this chapter before the first clas, it is a good
time to get them talking about some of the concepts presented. You might start by asking for a
Introduction. The problems in this chapter examine some variations on
the apartment market described in the text. In most of the problems we
work with the true demand curve constructed from the reservation prices
of the consumers rather than the \smoothed demand curve that we used
in the text. ...