Respuesta :
The indication from the given demand and availability of houses for sale implies that "there is a three-year supply of homes currently for sale."
What is demand and supply?
The study of how sellers and buyers interact to establish transaction prices and quantities is known as demand and supply analysis. As we will see, prices represent both the value to the buyer and the cost to the seller of the next (or marginal) unit.
Demand and supply analysis comprises the most fundamental set of microeconomics instruments in private enterprise market economies, which are the primary concern of investment analysts.
The demand and supply model is useful for describing how quantity and price traded are decided, as well as how external influences alter those variables' values.
The demand function or curve and its graphical equivalent, the demand curve, capture buyer behavior.
In economics, supply and demand refers to the relationship between the quantity of a commodity that producers want to sell at various prices and the quantity that consumers want to buy. It is the primary model of price determination employed in economic theory.
[tex]\text{Years of Supply} =\frac{\text{Current demand}}{\text{Demand per year}}\\\\= \frac{1,500 \text{ houses}}{500 \text{ houses}} \\\\= 3 \text{years}[/tex]
Therefore, there is now a three-year supply of properties for sale.
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