he following two incidents involve simultaneous shifts in the demand and the supply curves. Analyze the final effects on the equilibrium price and quantity after the changes. Explain your answers. The government allocates land to build more houses in the country. At the same time, it relaxes the criteria of citizenship to entice more foreigners to settle down in the country. The price of house increases.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
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The following two incidents involve simultaneous shifts in the demand and the supply curves. Analyze the final effects on the equilibrium price and quantity after the changes. Explain your answers.

  1. The government allocates land to build more houses in the country. At the same time, it relaxes the criteria of citizenship to entice more foreigners to settle down in the country. The price of house increases.
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