The housing market in Kabul is heavily dependent on two main factors; supply and demand. Both play
Question:
The housing market in Kabul is heavily dependent on two main factors; supply and demand. Both play a major role in determining an equilibrium price for both sellers and buyers in the real estate market.
A. Explain how a rise in the price of the Construction Material might cause House Builders to change its output in the short run? Why? Discuss the key factors.
B. Interpret your results: Which insights can be derived from your simulations? What numbers are the most important? How can you visualize the findings?
C. Identify an example illustrating the effect on the demand for commercial Houses and then do the same for each of the determinants of supply while presenting your arguments.
D. What if the Current Rate of Inflation raises from 9% to 21 %, does this impact the Market equilibrium price and Demand for the house market? Explain
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry