If a Press Release Reports That the Future Price of New

question 196

Multiple Choice

If a press release reports that the future price of new homes is expected to decrease and demanders respond more to the change in the expected future price than suppliers, which of the following is true?

• A)Both the equilibrium quantity and price will decrease.
• B)Both the equilibrium quantity and price will increase.
• C)The equilibrium price will decrease and the equilibrium quantity will increase.
• D)The equilibrium price will increase and the equilibrium quantity will decrease.

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Definitions:

Cervic/o

A combining form referring to the neck or the cervix.

Poster

A large printed notice, picture, or advertisement that is displayed to be viewed by the public.

Proto

A prefix meaning "first" or "primary," often used in scientific terms to denote the first or most significant version of something.

Pericardial

Relating to the pericardium, the protective membrane surrounding the heart.