Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing trans

Question

bulgar [2K]

3 years ago

10

Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing trans

action.

Business

1 answer:

Ronch [10] · Answer 1 · 2022-10-23T00:33:07+03:00

Answer:

attached below

Explanation:

Supply and demand curves are used to represent the relationship between the two main forces of the open market ( demand and supply )

with no restriction on who can conduct real estate closing transaction, when the demand curve shifts to the right there will be no change with the supply curve. but the price will move from P1 to P2 and quantity will move from Q1 to Q2.