Elucidate the price elasticity of supply

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Reference no: EM1328909

How construction is affected by the economy

In terms of home building and the construction industry, discuss how a current/past event has resulted in a change in price elasticity of supply and demand.

Does it make public goods or common resources?

In this industry, is price elasticity of demand though of as elastic or inelastic? Are there any available substitutes? Is it a luxury or necessity?

What is the price elasticity of supply for your chosen industry?

Reference no: EM1328909

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