Illustrate what is happening to the housing market

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Q. What is happening to the housing market in your area? Are you still seeing alot of forclosed homes?Can you describe the housing demand and supply factors?

Q. If output is at an inefficient level, does it imply that consumer surplus is smaller than at the competitive output? Does it imply that producer surplus is smaller than at the competitive output?

Reference no: EM1351834

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Illustrate what is happening to the housing market : Illustrate what is happening to the housing market in your area. Are you still seeing alot of forclosed homes?Can you describe the housing demand and supply factors.

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