Which of the Following Will Move the Supply Curve for Housing

question 133

Multiple Choice

Which of the following will move the supply curve for housing in Florida, a popular retirement state, to the left?

• A) Increasing the number of people who are retiring
• B) Increase in the cost of insurance
• C) Higher real-estate prices
• D) Higher construction costs

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Definitions:

Efficiency

The ability to achieve a goal or perform a task with the least waste of resources, including time, energy, and materials.

Accidents

Unplanned events that result in injury, damage, or harm in some way, often prompting investigations into ways to prevent them in the future.

Competitive Strategy

An approach a business takes to differentiate itself from its competitors, focusing on strengths to provide better value to customers.

Potential Customers

Individuals or entities that are considered likely to purchase a product or service but have not yet done so.