11 Most Expensive Property in the World Six exclusive flats in St James Square (close to Buckingham...

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11 Most Expensive Property in the World Six exclusive flats in St James Square (close to Buckingham Palace and Downing Street) cost £115 million each. Top market property prices have continued to rise despite the recession.

Source: The Times online, 16 March 2008 a Explain why the price of land in St James Square continued to increase despite the recession.

b Use a graph to show why the price of land in St James Square increased over the past few years.

c Is the supply of land in St James Square perfectly inelastic?

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 07:00 AM

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11 Most Expensive Property in the World Six exclusive flats in St James Square (close to Buckingham...

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Economics

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