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

Question

3 years ago

5

ly have occurred if:

1 answer:

GenaCL600 [577] · Answer 1 · 2022-01-31T07:24:42+03:00

5 0

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.

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