question archive Using demand and supply analysis, how would the fact that young Australians now prefer to rent than buy change the price and quantity in the housing market (keeping all else constant)
Using demand and supply analysis, how would the fact that young Australians now prefer to rent than buy change the price and quantity in the housing market (keeping all else constant)
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Using demand and supply analysis, how would the fact that young Australians now prefer to rent than buy change the price and quantity in the housing market (keeping all else constant). Briefly contrast the impact of a change in preference to the counter explanation that it is prices rising that is reducing quantity demanded for housing. Explain.
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