Economic Slowdown Worksheet Solution - House Price Simulation [Virtual Learning Arcade]
Determining the price of a house: Economic slowdown | |
Change in the Input Parameters: Supply & Demand Conditions
| |
Economic Output
|
decreases
| |
Interest Rate (£)
|
4.00
| |
Cost of Land (£ per hectare)
|
decreases
|
|
Outputs - Price and Quantity Levels
| |
New Price (£)
|
48437.50
| |
New Quantity
|
34975.00
| |
Price Change (%)
|
-4.15
| |
Quantity Change (%)
|
5.26
| |
Submitted by bized on Wed, 14/03/2001 - 13:00
