Long-run supply of housing , Microeconomics

The Long-Run Supply of Housing

* Scenario 1: Owner-occupied housing

- Suburban or rural areas

- National market for inputs

* Questions

- Is this an increasing or constant cost industry?

- What would you foresee the elasticity of supply?

* Scenario 2: Rental property

- Urban location

- High rise construction cost

*  Questions

- Is this an increasing or constant cost industry?

- What would you foresee about the elasticity of supply? 

Posted Date: 10/12/2012 5:53:26 AM | Location : United States







Related Discussions:- Long-run supply of housing , Assignment Help, Ask Question on Long-run supply of housing , Get Answer, Expert's Help, Long-run supply of housing Discussions

Write discussion on Long-run supply of housing
Your posts are moderated
Related Questions
The process of production needs several inputs. These inputs are known as the factors of production. In most cases, firms own some of the factors of production while some have to b

Define law of demand.  Answer:   Quantity demanded increases as price falls, other things constant. In other words, "Other things remaining the same, when the price of a good r

how do you find the average fixed costs using total fixed costs and total product?

Is it true to say that inflation can only sustain with the increase in money supply?  Inflation can only be sustained if there is a persistent enhance in money supply. If there

A Period of Transition and Improvement: These few years stand out as the golden years for India's BOP. India had a small current account surplus (0.6 per cent of the GDP on an

Do not submit more than 1 file in the Canvas submission link. A few years ago peanut farmers in India experienced a super-bumper crop due to favorable weather conditions. Initially

Problem: (a) Define money and briefly explain its core functions. (b) Explain the relationship between interest rate and price of bonds, illustrate using example. (c)


What are the three major types of unemployment?   a) Frictional b) Structural and c) Cyclical unemployment. Cyclical unemployment is broadly spread by an economy durin

Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci