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:

Lingual

Pertaining to or related to the tongue in anatomy or linguistics.

Mucous Membranes

The moist, epithelial linings of various organs and cavities of the body that secrete mucus, providing protection and lubrication.

MALT

Mucosa-associated lymphoid tissue, part of the immune system providing protection against pathogens in mucosal surfaces.

Pathogens

Microorganisms that can cause disease in their host, including bacteria, viruses, fungi, and parasites.