Suppose the banking industry just released a major annual report which indicated that the demand for housing increased by nearly 50% over the last year. How does this increase in demand affect the demand for home loans

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09-03-2020
Business

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Suppose the banking industry just released a major annual report which indicated that the demand for housing increased by nearly 50% over the last year. How does this increase in demand affect the demand for home loans

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letmeanswer letmeanswer · Answer 1 · 2020-03-15T13:18:15+01:00

This increase in demand affect the demand for home loans does Demand shifts to the right

Explanation:

A change to the right in the price curve shows an rise in production. This may be attributed to many reasons, including an rise in wages, an improvement in replacement rates or a decrease in a supplement's demand.

Factors such as average income and expectations that shift to the right or to the left of an entire demand curve. This makes it possible to allow a larger or lower quantity at a specific price. Paribus presumption Ceteris. Market curves compare the demanded prices and quantities given no adjustment is made.