After a severe bout of foreclosures and defaults on home loans, banks made it harder for people
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After a severe bout of foreclosures and defaults on home loans, banks made it harder for people to borrow. How does this change influence the demand for new homes, the supply of new homes, and the price of a new home? Illustrate your answer with a graphical analysis.
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The demand for homes decreases the supply of new homes does not chang...View the full answer
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