Describe how supply and demand affect the prices

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Reference no: EM1353152

Introduction to Economics

In this activity you will need to go to the realtor.com website. Follow the instructions for "Finding a Home", and check housing prices for a 3-bedroom, 2-bath house in several cities, for example, San Francisco, CA; Topeka, KS; Dallas, TX; Concord MA; and Seattle, WA. Explain why housing prices vary from city to city. Clearly describe how supply and demand affect the prices of the homes and be sure to show your work.

Reference no: EM1353152

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