A Change in the Money Income of Consumers Will _____

Multiple Choice

A change in the money income of consumers will _____

A) affect the demand for housing through the income effect of a price change.
B) affect the demand for housing through the substitution effect of a price change.
C) shift the market demand curve for housing.
D) affect the quantity demanded only if housing is an inferior good.
E) have no impact on the market demand for housing.