XECO/212 Week 2 Assignment Supply and Demand Paper

XECO/212 Week 2 Assignment Supply and Demand Paper - Supply...

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Supply and Demand              Supply and Demand  University of Phoenix XECO/212
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Supply and Demand               When prospective homebuyers are looking to buy a new home in their  area, they should consider the health their local real estate market is in. A  prospective homebuyer needs to have an understanding of the many different  economic   trends   a   real   estate   market   can   have,   There   are   many   different  business   cycles   and   real   estate   trends   that   will   have   an   affect   on   why   a  homebuyer would purchase a home and there are different monetary advantages  depending on what kind of business cycle going on at the time. The major factor  that has an influence on the price of housing is supply and demand of your local  real estate.              The most basic economic principal on a products price is supply and  demand, Supply and demand determines the price of products based on the 
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Supply and Demand availability products. If a products demand is high and the supply is low then the  price will increase, because people are buying large quantites of the product and  if supply is high and the demand is low, It’s probable that people are not buying 
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This note was uploaded on 08/27/2011 for the course XECO 212 taught by Professor Cohen during the Summer '10 term at University of Phoenix.

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XECO/212 Week 2 Assignment Supply and Demand Paper - Supply...

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