. Consider a competitive market for apartments in Bandung. What is the effect on the equilibrium price and quantity after the following (ceteris paribus)? In each case, explain your answer using the supply and demand curves. d. The existence of new development technologies that can cut the cost of building an apartment in half.
. Consider a competitive market for apartments in Bandung. What is the effect on the equilibrium price and quantity after the following (ceteris paribus)? In each case, explain your answer using the supply and demand curves. d. The existence of new development technologies that can cut the cost of building an apartment in half.
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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2. Consider a competitive market for apartments in Bandung. What is the effect on the equilibrium price and quantity after the following (ceteris paribus)? In each case, explain your answer using the supply and demand curves.
d. The existence of new development technologies that can cut the cost of building an apartment in half.
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