Toronto developers are getting desperate as no one is buying condos anymore
Toronto developers are getting desperate as no one is buying condos anymore
www.blogto.com Toronto developers are getting desperate as no one is buying condos anymore
Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...
Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...
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Demand was elastic until it wasn't.
Isn't it inelastic (D changes at a less than proportional rate to price) or have I got it mixed up?
Correct- essentials tend to be inelastic.
They may have the incorrect belief that elasticity is the ability to absorb a price change, rather than how much Q changes when hit with a change in P
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