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If Interest Rates Rise, Then Home Sales Will Decline

Question 188

Multiple Choice

If interest rates rise, then home sales will decline. Thus, if interest rates rise, then real estate prices will drop, because if home sales decline, then real estate prices will drop.


A) Deductive, invalid.
B) Inductive, cogent.
C) Deductive, valid.
D) Inductive, weak.
E) Inductive, strong.

Correct Answer:

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