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Why are real estate markets rarely in equilibrium? O a. Because real estate transactions are typically instantaneous and react quickly to market changes . O

Why are real estate markets rarely in equilibrium? O a. Because real estate transactions are typically instantaneous and react quickly to market changes . O b. Due to the inelastic demand for real estate. O c. In part, due to the unique and heterogeneous nature of real estate O d. None of the options

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