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The trick to the homebuilding market is to make home building a lucrative opportunity no matter what the situation however, this is not as easy as it sounds when including all the external factors including the inelasticity of the demand curve, externalities, wage differences as well as the policies which may hinder or help the home building process through wither good or bad times in the market.
Shifts and Price Elasticity of Supply and Demand
On a weekly basis, the cost of building a home increases and decreases depending on how the market is at that point. This process involves the cost of production of the goods as well as the demand for home building...
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