Micro-Economics Essay Example | Topics and Well Written Essays - 250 words

Micro-Economics - Essay ExampleHe also traces theconfusionto the non-availability ofattractivehomes atmany split of the country, a causal agencythat is making theavailable purchaserslackthe houses they could want forpurchase.This viewwashowever challenged,by straits Economist Paul Dales, arguing that, since 30 yearsback, there has been an excess supply of one zillion homes, available to be traded. Hefurthercites the poor economic situation, as the cause for the decreased take of home purchases in the past. The author cites another problem, which could be hampering the supply- lease stability of the home market, as the acutely lessenhomeprices. From the different accounts, the debate ends with no clear definition of the problem facing the homes market in the U.S (Timiraos1). However, the author integrates the different versions of the explanations, into thecauses for the confusion facing the US homesmarket. These includethe availability of many homes at the handleplaces, where cus tomers are not willing to buy, which isthe result of the housing boom the overpricing of the many homes available for sale an aftermath of the declining inventory and the short sale cases, which make up the bigger part of the market.The economic concepts illustrated through the education include the concept of demand, where the shifts inthe demandcurveare depictedthrough the changing preferences of buyers, where thecaseis that, despite the availability of about a million homes for sale, the buyers cannot find the homes they want topurchase. In the area ofbuyerexpectations, the buyers are not willing tobuythe homes, whichare locatedat the far-flung locales. The concept of demandis clearly depictedthrough the case of theinflatedhome prices, of the homes that are available for sale, as a result of the declining inventory. This case isthus, leading to decreasing demand, in response to the increased prices. The