Are the following two observations inconsistent? a. Rising demand for housing causes prices of new homes to

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Are the following two observations inconsistent?
a. Rising demand for housing causes prices of new homes to soar.
b. Many families refuse to buy homes as prices become prohibitive for them.

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Microeconomics

ISBN: 978-0321866349

14th canadian Edition

Authors: Christopher T.S. Ragan, Richard G Lipsey

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Question Posted: Sep 21, 2024 07:02 AM

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Are the following two observations inconsistent? a. Rising demand for housing causes prices of new homes to soar. b. Many families refuse to buy homes as prices become prohibitive for them.
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Are the following two observations inconsistent? a. Rising demand for housing causes prices of new homes to

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Microeconomics

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