Is housing normal good in China? If the price elasticity of demand is about 0.3, with an

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Is housing normal good in China? If the price elasticity of demand is about 0.3, with an annual increased of 10% if the price of housing in china resulting a 3% reduction in quantity of housing demand. Also will the market price of housing each year by 7% what has happened to the revenue received by supplier of housing.
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Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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