Daily Real Estate Exam Prep Question #131 - Supply and Demand

Daily Real Estate Exam Questions Here!!! Today our question has to do with supply and demand. Demand refers to how much of a product or service is wanted by buyers. Supply represents how much the market can offer. Think of supply and demand like a scale usually; if one side raises, the other will lower or vice versa. Generally, low supply and high demand increase prices. In contrast, the greater the supply and the lower the demand, the prices tend to fall. For more on real estate economics and supply and demand check out our full deep dive on the subject: https://www.youtube.com/watch?v=ednHdhSSV_8&t=3s #realestate #realestateexam #realestatelicense -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-