Question 1: In terms of home building and the construction industry, discuss how a current/past event has resulted in a change in price elasticity of supply and demand.
Question 2: Does it make public goods or common resources?
Question 3: In this industry, is price elasticity of demand though of as elastic or inelastic? Are there any available substitutes? Is it a luxury or necessity?
Question 4: What is the price elasticity of supply for your chosen industry?