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.
Please see the attached file.
<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 ...
This solution uses demand and supply analysis on a statement regarding rising income and housing prices.