If the Quantity of Housing Supplied in a Community Is

question 1

Multiple Choice

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

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

---

Definitions:

Antifederalists' Impact

The influence of Antifederalists in early American political thought, emphasizing the need for a Bill of Rights and advocating for a balance between federal and state powers.

Bill of Rights

The first ten amendments to the United States Constitution guaranteeing specific freedoms and rights to American citizens.

Ratification Process

The formal approval procedure of treaties, constitutional amendments, or legislative acts, often requiring a majority vote or other predefined criteria.

Equality

The state of being equal, especially in status, rights, and opportunities.