23. As the prices of homes fell across the United States in 2008, the number of homes...

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23. As the prices of homes fell across the United States in 2008, the number of homes offered for sale decreased.

a. Does this fact illustrate the law of demand or the law of supply? Explain your answer.

b. Why would home owners decide not to sell?

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Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

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Question Posted: Nov 05, 2024 11:00 AM

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23. As the prices of homes fell across the United States in 2008, the number of homes...

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Parkin Macroeconomics

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