Which of the Following Would Cause a Change in Supply,as

question 50

Multiple Choice

Which of the following would cause a change in supply,as opposed to a change in quantity supplied,in the market for used homes?

• A)A decrease in the price of rental housing.
• B)A decrease in the mortgage rates.
• C)An increase in the incomes of home buyers.
• D)An increase in the number of buyers in the market for used homes.

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Definitions:

Finance Charges

Fees and interest charged on borrowed money, typically associated with loans, credit cards, and financed purchases.

Credit Card Company

A financial institution that issues credit cards, allowing cardholders to purchase goods and services on credit.

Installment Plan

A method of payment of a purchase or services over a period of time.

Finance Charge

A fee representing the cost of credit or the cost of borrowing, including interest and other associated expenses.