If the Demand for Housing Increases and the Supply of Housing

question 152

Multiple Choice

If the demand for housing increases and the supply of housing decreases:

• A) price will go up and quantity will go down.
• B) price and quantity will both go up.
• C) price will increase, but the quantity change is indeterminate.
• D) the quantity will be higher, but the change in price is indeterminate.

---

Definitions:

Digital-to-analog Converter

An electronic device that converts digital signals into analog signals, often used in music players and video systems.

Analog-to-digital Converter

A device or process that converts analog signals, such as sound and light, into a digital form that computers can understand and process.

Copyleft

A licensing concept that allows for the free redistribution and modification of creative works, provided that all copied and modified versions are also free.

Digital Rights Management

Digital Rights Management (DRM) is a set of access control technologies aimed at protecting copyrights by restricting the use and distribution of digital content.