Question

A.4 Understanding how regulations affect the housing market can help explain why housing supply can be slow to respond to changes in demand.

indicate whether it's true, false or uncertain and explain the reason.

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Answer #1

The given statement is true because the regulations in the housing market apart from the price can get to give the consumer a hand back from consuming though the prices fall due to increase in supply. In this regard, these regulations can actually get to explain the impact of slow changed in demand with increase in the supply all in all.

Therefore 'true' is the answer.

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