(Answered) The latest decline in apartment prices in the capital

Economics

The latest decline in apartment prices in the capital cities of Melbourne and Sydney are due to several factors. One main factor driving apartment prices down in Melbourne is the increase in new apartments into the market is much greater than the increase in the demand for new apartments.

Explain, with demand and supply diagrams, the impact on price and quantity for new apartments.

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Business Economics, Economics

Category:- Business Economics
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