Multiple Choice
What situation would make the demand for new housing relatively more price elastic?
A) Construction firms have a difficult time finding experienced carpenters.
B) Home buyers are prosperous, and they don't feel constrained by financial limits.
C) There is a plentiful stock of desirable pre-existing homes.
D) Apartment rents are at an all-time high.
Correct Answer:
Verified
Correct Answer:
Verified
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