Suppose That the Equilibrium Price and Quantity of New Houses

question 86

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

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Definitions:

Hemophilia A

A genetic disorder caused by deficient or defective clotting factor VIII, leading to excessive bleeding and difficulty clotting after injury.

Clotting Ability

The capacity of the blood to form clots, a critical process in stopping bleeding and beginning repair of damaged tissues.

Homozygous Dominant

Refers to an individual having two copies of the same dominant allele for a particular gene.

Cystic Fibrosis Allele

A variant form of a gene associated with the genetic disorder cystic fibrosis, which affects the respiratory and digestive systems.