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Inelastic brainly agrees plus me
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Which of following concepts best describes the supply of housing?
Inelastic
Which of the following concepts best describes the supply of housing?
Inelastic APEXInelasticexsor roskesixersseducing the restless714 o.c.
Housing is expensive and time consuming to build?
The supply of housing is inelastic
What is housing supply elasticity?
Housing supply elasticity refers to the responsiveness of the quantity of housing supplied to changes in price. If housing supply is elastic, a small increase in price will lead to a significant increase in the quantity of housing available. Conversely, if supply is inelastic, prices may rise with minimal changes in the quantity of housing supplied. Factors influencing this elasticity include construction costs, regulatory barriers, and the availability of land.
What is housing supply?
Housing supply refers to the total number of residential units available for sale or rent in a particular market at a given time. It encompasses various types of housing, including single-family homes, apartments, and condominiums. The housing supply is influenced by factors such as construction rates, zoning laws, and economic conditions, impacting affordability and availability for potential buyers or renters. An imbalance between housing supply and demand can lead to rising prices and housing shortages.
What commodities has the most inelastic supply?
Housing;)
What results from the fact that housing is expansive and time consuming to build?
The supply of housing is inelastic.
Commodities has the most inelastic supply?
Housing!:p
Which of the following commodities has the most inelastic supply?
Housing of course
What best explains why the supply of housing doesn't automatically increase to meet the rising demand?
The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.
How does population density influences the law of supply and demand in the housing market?
Population density significantly impacts the law of supply and demand in the housing market by influencing both the demand for housing and the supply available. In densely populated areas, demand for housing typically increases due to a larger number of people seeking accommodation, which can drive up prices. Conversely, in less populated regions, demand may be lower, leading to reduced prices and potentially more available housing. This interplay between population density and housing supply can create varying market dynamics, with high-density areas often experiencing more competition and higher costs.
Is the housing industry elastic or inelastic?
It is inelastic due to houses taking a long time to build so there will be a short supply of housing. there are also no alternatives to housing. There is but that is if you want to become homeless.
