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Bay Area Housing Prices Surge" (Headline story from the San Jose Mercury News regarding Bay Area real estate, May 26th, 2000). On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales". If both papers are correct, then this phenomenon is an apparent violation of the law of supply and demand. describe the (True, false or uncertain) with the reason of the answer.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M942157

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