A Decrease in the Brokerage Commissions in the Housing Market

question 78

Multiple Choice

A decrease in the brokerage commissions in the housing market from 6% to 5% of the sales price will shift the ________ curve for bonds to the ________,everything else held constant.

• A)demand;right
• B)demand;left
• C)supply;right
• D)supply;left

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Definitions:

Harmonious

Describes a situation or combination of elements that are in a coherent and pleasing arrangement, often in reference to sound or music.

Rapport

A positive relationship based on mutual trust, understanding, and emotional affinity.

Imposes

To enforce or apply an authority or rule upon others, often without their consent.

Manipulate

To handle or control something, often in a skilled manner, but can also imply influencing or managing people or situations in an unfair or deceitful way.