Assume That There Has Been an Increase in the Marginal

question 47

Multiple Choice

Assume that there has been an increase in the marginal productivity of construction workers building new housing. How might this affect the market for new housing?

• A) Demand for new housing will rise, leading to an increase in the equilibrium price and quantity of new housing.
• B) Supply of new housing will rise, leading to an increase in the equilibrium quantity and decrease in the price of new housing.
• C) Demand for new housing will fall, leading to a decrease in the equilibrium price and quantity of new housing.
• D) Supply of new housing will fall, leading to an increase in the equilibrium price and decrease in the quantity of new housing.

---

Definitions:

Stressful Situations

Scenarios that cause psychological or physical tension or strain.

Social Networks

Platforms or structures made up of individuals or organizations that are connected through various social relationships, like friendships or professional ties.

Communal Orientation

An approach or attitude towards social interactions where individuals prioritize the needs and welfare of their community or group over their personal gains.

Narcissism

A personality trait characterized by an excessive interest in oneself, a need for admiration, and a lack of empathy for others.