Spatial equilibrium framework focuses

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Reference no: EM133629850

Question

Rewrite "The spatial equilibrium framework focuses on individual location choice and the implication that bad things in a location, like high housing prices, are offset by good things in a location, like high wages. This indifference condition delivers only one side of the labor market and one side of the housing market. In the labor market, these individual choices deliver labor supply but do not give us labor demand."

Reference no: EM133629850

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