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please answer all the parts of the question within 30 minutes. make sure the explanation and reasons are explained in very detailed manner , Attempt
please answer all the parts of the question within 30 minutes. make sure the explanation and reasons are explained in very detailed manner , Attempt the answer only if your are 100% sure that its correct. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.
ATTEMPT THE QUESTION ONLY IF YOU KNOW THE ANSWER 100%. IT SHOULD BE 100% CORRECT ELSE I WILL REPORT YOUR ANSWER AND DOWNVOTE IT FOR SURE.
Q6. (10%) In densely populated urban areas (such as New York, Mexico City, or Istanbul), the real estate demand (i.e. demand for apartments, offices, houses, etc.) is on the one hand highly sensitive to prices. Once there is a decline in the property prices (which happens when the real estate supply is higher than the real estate demand), demand rises rapidly. The construction sector, on the other hand, initiates new projects based on new demand for properties. When there is an increase in demand, new projects are initiated immediately. Construction projects are completed with relatively long delays of about 2-3 years. What kind of dynamics would you expect to see in property prices if many construction companies operate in these urban regions and they are not aware of the construction projects initiated by others? a. Continued increase b. Continued decrease c. Some form of oscillations Justify yourStep by Step Solution
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