In the long run,if housing prices are higher in San Diego,California,versus Nashville,Tennessee,then
A)individuals would move to Nashville
B)individuals would move San Diego
C)there would be no movement across the two cities,since the difference in prices is pure compensation for difference in living conditions
D)Both B&C

Question

​In the long run,if housing prices are higher in San Diego,California,versus Nashville,Tennessee,then
A)​individuals would move to Nashville
B)individuals would move San Diego
C)there would be no movement across the two cities,since the difference in prices is pure compensation for difference in living conditions
D)​Both B&C

Quizplus · Accepted Answer

The difference in housing prices between San Diego and Nashville can be attributed to differences in living conditions, amenities, job opportunities, climate, and other factors that might make one location more desirable than the other. This means that the higher prices in San Diego could be seen as a compensation for its perceived higher quality of living, leading to no significant movement based solely on housing prices.

​In the Long Run,if Housing Prices Are Higher in San

In the Long Run,if Housing Prices Are Higher in San