Housing prices are higher in city x than in city y. using the concepts of supply and demand, explain why.

The economic theory of supply and demand explains how these two factors affect the prices of goods and services around the world. When there is a higher demand for a good or a service, and there is not enough supply available for the high demand, the price of that good or service increases.

For example, in city X there is a high level of demand for houses, but there is not enough supply to satisfy that demand. Therefore the prices of the houses available are going to increase. City Y may experience the opposite than city X. In city Y,  the demand for houses is weak, and there is an oversupply of houses available, therefore the prices of housing in city Y are going to be cheaper than the prices of housing in city X.

the united states constitution is the supreme law of the united states. the constitution, originally comprising seven articles, delineates the national frame of government. its first three articles embody the doctrine of the separation of powers, whereby the federal government is divided into three branches: the legislative, consisting of the bicameral congress; the executive, consisting of the president; and the judicial, consisting of the supreme court and other federal courts. articles four, five and six embody concepts of federalism, describing the rights and responsibilities of state governments, the states in relationship to the federal government, and the shared process of constitutional amendment. article seven establishes the procedure subsequently used by the thirteen states to ratify it. it is regarded as the oldest written and codified national constitution in force.

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