Essay
Suppose the local real estate market is in equilibrium.A recession causes local household incomes to decline.At the same time, construction of a large subdivision of new homes has just been completed.Given these two changes, we can predict the price of real estate will ________
and the quantity of real estate bought and sold will _.
A.fall; fall
B.fall; rise
C.fall; rise or fall
D.rise; fall or rise
Correct Answer:
Verified
Correct Answer:
Verified
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