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Suppose the New York City residential housing market (depicted above) is in equilibrium at point C (Demand 2=Supply 2). A recession causes local household incomes
Suppose the New York City residential housing market (depicted above) is in equilibrium at point C (Demand 2=Supply 2). A recession causes local household incomes to decline. At the same time, high density living areas occupied by multiple apartment buildings are rezoned for commerical use. What is the new equilibrium
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
