mbhughes71 mbhughes71
  • 15-02-2019
  • Business
contestada

Now suppose that the supply of new homes put on the market​ dropped, but price still stayed the same at​ $200,000. this could only have occurred​ if:

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MsTeel
MsTeel MsTeel
  • 15-02-2019

If demand also dropped.

If supply goes down and demand goes up, the price would rise.

If supply goes down and demand stays the same, the price would still rise.

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