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The citizens of a fictional city called Smallville enjoy exceptionally good weather compared to other...

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The citizens of a fictional city called Smallville enjoy exceptionally good weather compared to other similar cities in the country Let estate market in Smallville The following graph shows the supply and demand for housing in Smallville The curve labeled Supply represents the supply of housing in the city and the curve labeled D represents the demand for housing if the weather were not so good G Adjust the following graph to show the position of the demand curve given that the weather is good 140 126 PRICE Local Curency 112 98 84 70 50 42 14 0 O 22 Supply 18 99 110 77 33 44 55 66 QUANTITY Housing in Smallville D P Supply

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