Multiple Choice
As a result of frequent flooding,the insurance market has noted a positive correlation between flooding and the amount of insurance monies paid out for such floods.Holding demand for insurance constant,if flooding is expected to continue to be a problem,flood insurance premiums will MOST likely:
A) rise.
B) fall.
C) stay the same.
D) rise,fall,or stay the same.
Correct Answer:
Verified
Correct Answer:
Verified
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