Price Elasticity of Supply (Housing) I 60 Second Economics @tutor2u-official
Price Elasticity of Supply (Housing) I 60 Second Economics @tutor2u-official
Uploaded May 2026 | Updated September 2026, 2 weeks ago
Price Elasticity of Supply (PES) for UK housing is highly inelastic, meaning new builds respond poorly to price rises. Key constraints include stringent planning regulations, scarcity of developable land, and chronic skilled labor shortages. Consequently, rising demand triggers significant price inflation rather than a substantial increase in housing stock.
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Price Elasticity of Supply (Housing) I 60 Second Economics

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