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27 December, 17:46

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

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Answers (2)
  1. 27 December, 19:37
    0
    Supply of housing doesn't automatically increase to meet rising demand due to various reasons.

    1) Price

    2) Consumer preference

    3) Income
  2. 27 December, 21:07
    0
    The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.
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