Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

The demand for housing its often described as being highly cyclical and very sensitive to housing prices and interest these characteristics describe the effect of each of the following in terms of whether it would increase or decrease the quantity demanded or the demand for housing. Moreover when price is expressed as a function of quantity, indicate whether the effect of each of the following is an upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing. Explain

1. An increase in housing prices

2. Arise in interest rates

3. A fall in interest rates

4. A severe economic recession

5. A robust economic expansion

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91231889

Have any Question?


Related Questions in Microeconomics

Question two types of consumers workers and retirees share

Question: Two types of consumers (workers and retirees) share a community with a polluting cheese factory. The pollution is nonrival and nonexcludable. The total damage to workers is p^2 where p is the amount of pollutio ...

Question what are the six most important provisions of gatt

Question: What are the six most important provisions of GATT? What are relative merits of those provisions? What the extension of GATT to World Trade Organization WTO involves? How do you relate WTO to Globalization? The ...

Question suppose the fed were required to conduct monetary

Question: Suppose the Fed were required to conduct monetary policy so as to hold the unemployment rate below 4%, the goal specified in the Humphrey-Hawkins Act. What implications would this have for the economy? The resp ...

Question 1 in january 2009 congress passed a major stimulus

Question: 1. In January 2009, Congress passed a major stimulus bill. The bill increased federal spending over several years; in 2010, stimulus spending was $385 trillion, or about 2 percent of GDP. According to the Offic ...

Question suppose the utility function for a consumer is

Question: Suppose the utility function for a consumer is given by U = 5XY. X is the amount of Good X and Y is the amount of Good Y. A) Neatly sketch the utility function B) Does this utility function exhibit diminishing ...

Question here are annual values for m2 and for nominal gdp

Question: Here are annual values for M2 and for nominal GDP (all figures are in billions of dollars) for the mid-2000s. Year M2 Nominal GDP 2003 6,055.5 $10,960.8 2004 6,400.7 11,685.9 2005 6,659.7 12,421.9 2006 7,012.3 ...

Question microeconomic theory argues that it economically

Question: Microeconomic theory argues that it economically rationale (and profitable) to sell additional output as long as the price covers the variable costs of production. How is this relevant to the determination of w ...

Question please develop a concise-but-thorough powerpoint

Question: Please develop a concise-but-thorough PowerPoint presentation on "The World Bank" that does not exceed five (5) slides. Slide 1: Title Slide with narration explaining the purpose of the organization or trade ag ...

Question the market process the forces that bring us closer

Question: The market process (the forces that bring us closer to equilibrium) is said to solve the knowledge problem. What is the knowledge problem? What aspects of markets help to mitigate the knowledge problem? Provide ...

Question an auto repair shop is considering purchasing

Question: An auto repair shop is considering purchasing automated paint-spraying equipment. The company estimates that the equipment will last five years. Each year, it will save the company $4,000 in paint wasted in the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved