Suppose the Equilibrium Price and Quantity of New Houses Both

Multiple Choice

Suppose the equilibrium price and quantity of new houses both increase. Which of the following could be a cause of this change?

A) A technological advance in framing a new house might have occurred.
B) More home buyers might have moved into the area.
C) The cost of wood framing used to build houses might have fallen.
D) The rent for nearby apartments might have fallen.
E) The wage paid to carpenters who build new houses might have risen.