Demand in britain versus the united states

Reference no: EM13942607

Increase in Housing Demand in Britain versus the United States. Suppose that in both Britain and the United States, the initial equilibrium price of housing is $200,000. Britain has more severe restrictions on residential development in the short run. Suppose the demand for housing increases by the same amount in the two countries. a. Draw a set of supply and demand curves showing the effects on housing prices in the short run.

Reference no: EM13942607

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