Explain Why the Supply of Housing Would Be More Elastic

question 18

Multiple Choice

Explain why the supply of housing would be more elastic in the long run.

• A) More real estate developers would enter the market.
• B) It takes time to build new housing.
• C) Land is scarce.
• D) a and b.
• E) b and c.

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Definitions:

Hypothalamus

The Hypothalamus is a region of the brain that controls many bodily functions, including hunger, thirst, sleep, and the regulation of body temperature.

Stress Response

The body's reaction to a challenge or demand, characterized by physiological changes that prepare the body to face threat or flee to safety.

Stress Trigger

An event, situation, or condition that causes an individual to experience stress.

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, including stages such as alarm, resistance, and exhaustion.