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The Relationship Between Interest Rates as a Percent (X) and Housing

Question 118

Multiple Choice

The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear equation Y' = 4094 - 269X. At what interest rate will there be no permits for housing starts?


A) 8.26%
B) 15.22%
C) 14.32%
D) 16.61%

Correct Answer:

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