After reading the requirement for this paper I have chosen to write about purchasing the home I cu

After reading the requirement for this paper I have chosen to write about purchasing the home I cu

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Supply and Demand Paper 1 After reading the requirement for this paper I have chosen to write about purchasing the home I currently live in. There were many factors that came into play when I decided to chose the current home I live in. The factors I considered were the school district, the yard, the size of the home, the value of the home, the neighborhood, and distance from local stores. This paper will discuss the factors that could cause possible changes in supply and demand, two substitutes I would consider for my home, two compliments of my home, and how the necessity of the home impacts price elasticity. The main factor I considered when purchasing my home was the school district. I believe that nothing is better than ensuring that my children would receive a good education. By determining the school district I wanted my children to attend gave me an area to search. I knew of a house in this certain area that was for sale. So I decided to go check the second factor, which was the size of the yard. The yard was exactly what I looking for. The yard was big and I knew that my children would have plenty of room to run and play without being in harms way. Now, the third factor I had to consider was the size of the home and would it be in my price range that I was willing to pay for this home. The home was smaller than I planned on it being, but being a carpenter by trade, I knew that in time I would be able to expand the size of the home, so this was not going to be an issue. Since the size of the home was not as big as I wanted, I had to make sure that I was not going to over pay for the home. I also had to make certain if the
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This note was uploaded on 08/20/2011 for the course XECO 212 taught by Professor Cohen during the Spring '10 term at University of Phoenix.

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After reading the requirement for this paper I have chosen to write about purchasing the home I cu

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