Janbow2409 Janbow2409

01-11-2018
Business

contestada

Which best explains why the supply of housing doesn't automatically increase to meet rising demand?

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HiramSobus HiramSobus

01-11-2018

Supply of housing doesn't automatically increase to meet rising demand due to various reasons.

1) Price

2) Consumer preference

3) Income

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mimiesco71oy3n3k mimiesco71oy3n3k

29-05-2020

Answer:

The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.

Explanation:

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