If the Quantity of Housing Supplied in a Community Is

question 149

Multiple Choice

If the quantity of housing supplied in a community is less than the quantity of houses demanded, the existing price:

• A) will remain unchanged.
• B) will fall to clear the market.
• C) will either fall or remain unchanged.
• D) is below the market equilibrium price.

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Definitions:

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Individuals in the United States engaged in agriculture, playing a critical role in the economy and food production.

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