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SSolve clearly.. Question 2 4 Marks The diagrams below show the market for housing in a major city in Australia. (2) Assume that there is

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SSolve clearly..

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Question 2 4 Marks The diagrams below show the market for housing in a major city in Australia. (2) Assume that there is no stamp duty on property sales for the first home buyer. Show on the diagram how this change might impact the market Label your change. 2 Marks Housing Market Price Supply Demand (b) Identify on the diagram the likely impact of an increase in interest rates. Label your change 2 Marks Housing Market Price Supply Demand

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