Janbow2409 Janbow2409
  • 01-11-2018
  • Business
contestada

Which best explains why the supply of housing doesn't automatically increase to meet rising demand?

Respuesta :

HiramSobus HiramSobus
  • 01-11-2018

Supply of housing doesn't automatically increase to meet rising demand due to various reasons.

1) Price

2) Consumer preference

3) Income

Answer Link
mimiesco71oy3n3k mimiesco71oy3n3k
  • 29-05-2020

Answer:

The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.

Explanation:

Answer Link

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