Answer your friend who claims that a) (1) housing boom in Japan is unbelievable due to its declining population (Table 3). b) (2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buyers. The condominium prices (3) are similar to those in other property types (Table 1) and (4) do not change largely regionally across Japan (Table 2). c) (5) population changes do have similar effects on house prices in large cities and rural areas in Jарan. Table 1: 2015 2018 Table 2: 2012 2016 Table 3: 1997 2005 2012 2013

Answer your friend who claims that a) (1) housing boom in Japan is unbelievable due to its declining population (Table 3). b) (2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buyers. The condominium prices (3) are similar to those in other property types (Table 1) and (4) do not change largely regionally across Japan (Table 2). c) (5) population changes do have similar effects on house prices in large cities and rural areas in Jарan. Table 1: 2015 2018 Table 2: 2012 2016 Table 3: 1997 2005 2012 2013

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer your friend who claims that; Do you agree/disagree with these statements,explain your reason. 1) housing boom in Japan is unbelievable due to its declining population (Table 3). 2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buyers. The condominium prices 3)are similar to those in other property types (Table 1) and 4)do not change largely regionally across Japan (Table 2). 5) population changes do have similar effects on house prices in large cities and rural areas in Japan.
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