Price Elasticity of Supply Determinants

Here is some food for thought before we delve into the next section: Do you believe the housing supply in your city is price elastic or price inelastic? Does your perspective shift when you consider a longer time frame? Watch this video on the determinants of the price elasticity of supply.

 

Source: Khan Academy, https://www.youtube.com/watch?v=kBUC6iPijtw
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Last modified: Thursday, November 16, 2023, 9:22 AM