If you havent or cant log on to KM, here's the econs graded assignment question.

"Despite the recession continuing since 2008...there was an increase in the number of launches of new private luxurious condominiums...Prices of luxurious condominiums rose in 2o09..."
the straits times 2009

Using economic analysis, reconcile the paradox in the private luxurious condominiums market. [10marks]