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Housing is expensive and time consuming to build?
The supply of housing is inelastic
Which of the following best explains why the supply of housing often cannot keep up with increases in demand?
Housing is expensive and time comsuming to buildHousing is expensive and time-consuming to build.Zoning laws prevent..... :) APex Housing is expensive and time-consuming to build. Correct
Which of the following best explains why the supply of housing doesnt automaticly increase to meet rising demand?
Housing is expensive and time consuming to build
Why cant the supply of housing keep up with increases in demand?
Housimg is expensive and time consuming to build - apex c:
What results from the fact that housing is expansive and time consuming to build?
The supply of housing is inelastic.
Are trials expensive and time consuming?
Yes, criminal trials are expensive and time-consuming. The more time consuming the more expensive.
Are Criminal trials expensive and time-consuming?
Yes, criminal trials are expensive and time-consuming. The more time consuming the more expensive.
Results from the fact that housing is expensive and time consuming to build?
the supply of housing is inelastic -Apex-
Which of the following commodities has the most inelastic demand and why?
Housing. housing can't change very quickly because building houses is expensive and time consuming.
Where can you get a lifesize Dalek from?
You can simply get the plans online (even on e-Bay) and build one. They're not expensive to build but are time consuming.
What results from the fact that housing is expensive and time consuming to build?
The high cost and time-consuming nature of building housing can result in several consequences. Firstly, it can lead to a shortage of affordable housing options, as developers may prioritize building more expensive properties to maximize their profits. Additionally, the lengthy construction process may contribute to delays in addressing housing needs, exacerbating housing crises in certain areas. Finally, the high costs associated with building can make it challenging for individuals and families to become homeowners, increasing the prevalence of renting and reducing overall housing stability.
Why is the supply of housing often not able to keep up with the increase in demand?
That depends on the location. There can be a number of reasons, and for most locations, there are several interrelated factors. 1. Cost. Building costs have been increasing. 2. Climate. More people will move to a nice climate, using up the newly-built housing. 3. Topography. In some places (Honolulu or San Francisco) there isn't any more room to build houses. 4. Governmental restrictions. In many locations, governments restrict the construction of housing, or place "affordable housing" requirements on new developments. This ties into #1, especially where building codes are becoming much more restrictive. 5. The economy. People won't buy houses that aren't either great places to retire or convenient to jobs.
