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suppose that a newly discovered lithium deposit near the town causes an influx of people into the town in order to mine the lithium for
suppose that a newly discovered lithium deposit near the town causes an influx of people into the town in order to mine the lithium for use in batteries. First: What do you expect to happen in the housing market if the market is allowed to adapt naturally to the new market conditions? Second: What would happen if the town's authorities passed a law to keep the price of housing from rising above the original equilibrium price
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