Which the few houses that come on the market

Reference no: EM133318737

Question: The value of the whole stock of existing housing should not be determined by the transaction prices at which the few houses that come on the market in a year sell. These prices (e.g., the transaction prices) are misleading because prices would be much lower if anything like the whole stock of existing housing came onto the market. True, false or uncertain. Explain fully.

Reference no: EM133318737

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