Ask Question
21 February, 06:44

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:

+1
Answers (1)
  1. 21 February, 07:05
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers