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If real estate developers build a lot of new housing units, would they prefer that the demand for housing is elastic or inelastic? ( Hint: remember that Revenue=Price*Quantity.) A.) Elastic B.) Inelastic C.) Their revenue will be affected by whether demand is elastic or inelastic, but their profits won't be. D.) Their revenue won't be affected by whether demand is elastic or inelastic. .

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If real estate developers build a lot of new housing units, would they prefer that the demand for housing is elastic or inelastic? ( Hint: remember that Revenue=Price*Quantity.) A.) Elastic B.) Inelastic C.) Their revenue will be affected by whether demand is elastic or inelastic, but their profits won't be. D.) Their revenue won't be affected by whether demand is elastic or inelastic.

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