Suppose That the Equilibrium Price and Quantity of New Houses

question 249

Multiple Choice

Suppose that the equilibrium price and quantity of new houses both increase.Which of the following could be a cause of this change?

• A) Both the supply and the demand for new houses increased, and the supply increased by more than the demand.
• B) The demand for new houses increased, and the supply did not change.
• C) Both the supply and demand for new houses decreased.
• D) The supply of new houses decreased, and the demand for new houses did not change.
• E) The supply of new houses increased, and the demand for new houses did not change.

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Definitions:

Viral RNA

Ribonucleic acid molecules encoded by viruses that carry genetic information for the replication and function of the virus within host cells.

Genetic Material

Molecules within cells that carry genetic information, primarily DNA or RNA, necessary for heredity and biological functions.

Thermus Aquaticus

A bacterium found in hot springs, known for its heat-tolerant enzyme used in PCR (Polymerase Chain Reaction) technology.

Pathogenic

Pertaining to an organism or substance that causes disease.