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What best explains why the supply of housing doesn't automatically increase to meet the rising demand?
Wiki User
∙ 9y ago
The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.
Haylie Corkery
Wiki User
∙ 8y agoThe supply of housing can't change very quickly because building houses is expensive and takes a lot of time
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Which of the following best explains why the supply of housing doesnt automaticly increase to meet rising demand?
Housing is expensive and time consuming to build
What problems you face due to increase demand of housing facilities in urban areas?
increasing on housing price
Which statement is true about the demand for housing in the 1950s?
Demand for housing was high
What best explains why the demand for housing is more flexible than the supply of housing?
people can move more easily than producers can build new homes
Which explains how a recovery period leads to a boom?
An increase in consumer demand resulting from a reduction in prices
What best explains how a recovery period leads to a boom?
An increase in consumer demand resulting from a reduction in prices.
Which best explains how a recovery period can lead to a boom?
An increase in consumer demand resulting from a reduction in prices
Which of the following best explains why the supply of housing often cannot keep up with increases in demand?
Housing is expensive and time comsuming to buildHousing is expensive and time-consuming to build.Zoning laws prevent..... :) APex Housing is expensive and time-consuming to build. Correct
Is there high demand for housing development jobs?
Housing management jobs are in demand, but it depends on the location. Normally locations with higher class people will have more housing management jobs available because it is something they can afford.
How does the market determine the price and the quantity supplied in demand?
it depends upon the demand of the people.... if demand of a particular commodity increases then the supply will automatically increase and in case of shortage, the suppliers would raise the prices of that specific good.
What are the problems of people when the population is many?
lack of food lack of housing higher prices due to increase demand more poverty
What is the difference between increase in demand and an increase in quantity demand?
Increase in demand::It imply rightwaed shift of demand curve.Therefore change in factors other than price.1. increase in taste increase in demand curve2. increase in popoulation increase in demand curve3. increase in income increase demand if normal good4. fall in income increase demand if an inferior good5. increase in price of substitute (pepsi) increase demand for good(coke)6. fall in price of complement (beer) increase demand for good7. if we expect the price of the product to increase in the future , our demand today will increase.Increse in quantity demanded::Movement up the demand curve.Therefore change in price-------- increase in price cause a decrese in quantity demanded,decrese in price cause an increase in quantity demanded .
