Question
Please write anything that you know about the industry below and use any references you would like to (please share your references with me as
Please write anything that you know about the industry below and use any references you would like to (please share your references with me as well) and answer the questions below about this industry:
Housing market (or housing rental market) in Toronto/Ontario/Canada
Questions:
For each of the questions below, explain and justify your analysis using current events and market facts you have researched to support your conclusions.
- Identify and explain two factors that have caused a shift in the demand curve. Illustrate the impact on the market using supply and demand curves.
- Identify and explain two factors that have caused a shift in the supply curve. Illustrate the impact on the market using supply and demand curves.
- Identify and explain one government intervention relating to this market. Explain the government's economic objective and illustrate the impact on the market using supply and demand curves.
Information needed related to my question is in the link below:
https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium
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