Which of the Following Is Not True About the Housing

question 22

Multiple Choice

Which of the following is not true about the housing market?

• A) The price of housing will increase or decrease in order to achieve an equilibrium
• B) An increase in the demand for housing will cause an increase in the quantity supplied of housing
• C) When the demand for housing increases,the price of housing will increase but the quantity supplied will not increase in the short run
• D) The housing market is a unique market because most people had to borrow money to buy their homes
• E) The only way to increase the supply of housing is to build more houses

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