1. Economics
2. Economic Development
3. Supply and Demand
4. 273545

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In this activity you will need to go to the realtor.com website. Follow the instructions for "Finding a Home", and check housing prices for a 3-bedroom, 2-bath house in several cities, for example, San Francisco, CA; Topeka, KS; Dallas, TX; Concord MA; and Seattle, WA. Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes and be sure to show your work.

2.a: Chart

City: Price of 3-bedroom, 2 bath home:

2.b. Explanation for variations in price due to variations in demand including relevant graphs.

2.c. Explanations for variations in price due to variations in supply including relevant graphs.