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

User RobMasters
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2 Answers

3 votes

Answer:

The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.

Step-by-step explanation:

User Srdjan Vukmirica
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5.7k points
5 votes

Supply of housing doesn't automatically increase to meet rising demand due to various reasons.

1) Price

2) Consumer preference

3) Income

User Stopfan
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5.3k points
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