which of the following best explains why the demand for housing is more flexible than the supply?

Question

10-04-2018
Social Studies

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which of the following best explains why the demand for housing is more flexible than the supply?

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LUCKYM3210 LUCKYM3210 · Answer 1 · 2018-04-16T14:57:09+02:00

LUCKYM3210 LUCKYM3210

16-04-2018

People are able to move and find a new place to live much more easily than a person can go and build a new home. This makes the demand much more elastic than the supply, which would be seen as inelastic.

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kaylamiller3800 kaylamiller3800 · Answer 2 · 2020-05-22T20:26:06+02:00

kaylamiller3800 kaylamiller3800

22-05-2020

Answer:

Correct! The supply of housing can't change very quickly while demand can.

Explanation:

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