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Demand and Supply Analysis

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Use demand and supply analysis with this statement:
The economy is doing well in 2000. Income was rising and the stock market hit new record highs. As a result, the price of housing rose.

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Solution Summary

This solution uses demand and supply analysis on a statement regarding rising income and housing prices.

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<br>As income and stock prices rise the demand for houses shifts to the right (quantity demanded increases for each given price) for the following reasons:
<br>- An increase in income or an increase in stock portfolio valuation allows people to take out a mortgage and make mortgage ...

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