Explained as an exception to the law of demand

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Reference no: EM13816958

During the real estate boom of the mid-1990s, the price of new and existing homes rose year after year, yet people purchased more homes year after year. Is this outcome best explained as an exception to the law of demand, or is a different explanation more likely? Explain.

Reference no: EM13816958

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Explained as an exception to the law of demand : During the real estate boom of the mid-1990s, the price of new and existing homes rose year after year, yet people purchased more homes year after year. Is this outcome best explained as an exception to the law of demand, or is a different explanatio..

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