Multiple Choice
A newspaper headline asserts: "Rising Demand Pulls Up Housing Prices." This headline
A) incorrectly implies that the demand for housing can affect its price.
B) incorrectly implies that more housing will be demanded at higher prices.
C) correctly implies that an increase in demand for housing will increase its price.
D) correctly implies that the production cost of housing does not affect its price.
Correct Answer:
Verified
Correct Answer:
Verified
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