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Consider the house market. Discuss how shifts in demand and/or supply curves could explain that equilibrium price of houses increases but the equilibrium quantity remains
Consider the house market. Discuss how shifts in demand and/or supply curves could explain that equilibrium price of houses increases but the equilibrium quantity remains unchanged. You should consider three (3) different situations. Use three (3) demand and supply graphs to support your answers. Provide a brief real-world motivation for each situation
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