Multiple Choice
Tasha decides that when homes in her neighborhood are selling for $150,000 she will not sell her home. When average prices rise to $175,000, she decides that she will put her home on the market. This is an example of:
A) market demand.
B) market-day supply.
C) an excess supply of homes.
D) a positively-sloped supply curve.
E) a negatively-sloped supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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