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15 October, 02:37

Now suppose that the supply of new homes put on the market dropped, but price still stayed the same at $200,000. this could only have occurred if:

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  1. 15 October, 05:36
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    If demand also dropped.

    If supply goes down and demand goes up, the price would rise.

    If supply goes down and demand stays the same, the price would still rise.
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