Why do the prices of new houses in US go so high? Explain with help of supply and demand graph What are the factors that decrease supply of houses? Draw Supply and demand graph and show what happens to the prices and quantity of houses if the prices of raw materials increase? 3. What are your suggestions to the home builders?

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Why do the prices of new houses in US go so high? Explain with help of supply and demand graph

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter2: The Economy: Myth And Reality

Section: Chapter Questions

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Why do the prices of new houses in US go so high? Explain with help of supply and demand graph

What are the factors that decrease supply of houses? Draw Supply and demand graph and show what happens to the prices and quantity of houses if the prices of raw materials increase?

3. What are your suggestions to the home builders?

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