Which of the following best explains why the demand for housing is more flexible than the supply?

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asked Sep 21, 2019 184k views

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Dhar · Answer 1 · 2019-09-27T14:20:46+0000

People are able to move and find a new place to live much more easily than a person can go and build a new home. This makes the demand much more elastic than the supply, which would be seen as inelastic.

Which of the following best explains why the demand for housing is more flexible than the supply?

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