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Below are housing supply elasticities of five neighborhoods within a single housing market. Following a positive demand shock across the entire market, choose the neighborhoods

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Below are housing supply elasticities of five neighborhoods within a single housing market. Following a positive demand shock across the entire market, choose the neighborhoods in which the percentage increase in house prices will be greater than or equal to the percentage increase in quantity of housing supplied. a. 0.0001 'b. 0.88 'C. 1.00 d'. 2.10 e. 5.43 Following a negative supply shock for housing in a market, the supply curve shifts to the left but the slope does not change. True or false: Local supply curve elasticities will govern how fast prices and quantities respond to the supply shock

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