Question

Which best explains why the supply of housing often cannot keep up with increases in demand?

Answer 1

Housing is expensive and time consuming to build

Step-by-step explanation:

Answer 2

The supply of housing often can not keep up with increases in demand because:
Zoning laws prevent real estate developers from being creative;
Supply and demand is a framework we use to explain and predict the equilibrium price and the quantity of good. A point on the market supply curve shows the quantity that suppliers are willing to sell for a given price. A point on the market demand curve shows the quantity that demanders are willing to buy for a given price.