The Company additionally tested one other upgraded design for the Big Lots shops in May 2002; the design included even cleaner and brighter specs, improved merchandise layouts and new indicators. With the unification technique and rebranding efforts working as planned, Big Lots set its sights on continued enlargement. Furniture departments had been added to many Big Lots stores, and, in 2002, owned sixty two free-standing furnishings shops.
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Because of this, the provision of housing will shift to the left resulting in a new equilibrium demand of R1 . The enhance of demand from Ro to R1 will shift the value perform up . As a result, more homes may be produced profitably and housing begins will improve . Then the availability of housing will shift back to its preliminary position . George Fallis estimates it as 8.2, however within the brief run, provide tends to be very price-inelastic.
