Multiple Choice
The average sale price of a home in the United States increased from $207,000 to $297,000 from 2000 to 2005.All else equal,we would expect that during the same time
A) The quantity of new homes supplied also increased.
B) The quantity of new homes supplied decreased.
C) The quantity of new homes supplied did not change.
D) The quantity of new homes supplied changed in proportion to changes in the population.
Correct Answer:
Verified
Correct Answer:
Verified
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