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Simulation On Supply And Demand

Simulation On Supply And Demand

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Title: Simulation On Supply And Demand

Essay Details:

Subject: Business

Author: Genevieve G

Date: March 16, 2014

Level: University

Grade: A

Length: 6 / 1670

Essay text:

However, if there is low demand for a product that is in high supply, the price of this product will decrease due to market conditions that are influenced by the high availability of this product. By applying this principal of supply and demand to buying a home, it is easy to see how buying a home during a time of high home availability as well as low demand will mean that you will be able to buy a home for a lower price. This is particularly true when comparing asking prices of homes to a time where local real estate market conditions have low supply of homes for sale but high demand of people who want to live in this area...

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