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March 25, 2017

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Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes and be sure to show your work. I have tried everything and looked every where but I am having trouble with the graphs. Can you please help?

  • onomics - ,

    I can't possibly help you with graphs without specifics.

    It is amazing when there is no demand for houses, the prices fall dramatically. I am not really certain why you are having difficulty with this.

    The demand for houses depends on population increases, which frankly depend on the job market to a great extent. Folks don't move to places where there is little opportunity for work.

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