When There Is a Sudden Increase in the Demand for Housing

question 1

Multiple Choice

When there is a sudden increase in the demand for housing in a community, the price of existing housing will

• A) rise slowly over the next 12 months.
• B) rise rapidly, then fall slightly as supply catches up with demand.
• C) not reflect the increased demand for approximately 12 months.
• D) none of the above.

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Definitions:

Corporate Accountability

The responsibility of corporations to be answerable for their actions and decisions, particularly regarding their impact on society and the environment.

Sustainability Strategies

Approaches and practices designed to meet present needs without compromising the ability of future generations to meet their own needs, often focusing on environmental, economic, and social pillars.

Perception

The way in which something is regarded, understood, or interpreted by individuals.

Corporate Social Responsibility

The practice of companies taking responsibility for their impact on society and the environment, often beyond what is legally required.