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Determination of a House Price: Data Response Questions

Application of Supply & Demand: Housing Market

Instructions: type your answer to the question in the appropriate box and then click on explain

Describe the pattern of house prices over the period

House prices between 1973 - 2000



Explain why the price fell sharply between 1989 and 1991




What could explain the relatively stable prices between 1993 and 1996



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