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:

Social Context

The immediate physical and social setting in which people live or in which something happens or develops.

Situational Context

The environmental, social, or psychological circumstances that surround a specific event or situation, influencing its outcome.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a classification and diagnostic tool for mental health professionals.

DSM-IV-TR

The fourth edition, text revision of the Diagnostic and Statistical Manual of Mental Disorders, a guide used by clinicians to diagnose mental disorders.