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Housing supply and demand is an example of the effects supply and demand can have on price elasticity. The most recent (2000-2005) housing boom was a boom in both housing prices and
construction. Based on your readings, do you think other factors such as geographic location can influence supply and demand and price elasticity? Describe the factors and how you suppose they influence housing.
construction. Based on your readings, do you think other factors such as geographic location can influence supply and demand and price elasticity? Describe the factors and how you suppose they influence housing.
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