Use the Following Diagram to Answer the Following Questions

question 31

Multiple Choice

Use the following diagram to answer the following questions.

-Refer to Unit. If the price of housing is currently $80,000 per unit:

• A) there will be a tendency for price to rise.
• B) there will be a tendency for price to fall.
• C) prices will remain constant.
• D) markets will clear.

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Definitions:

Utilization Rate

Typically refers to the ratio of currently used resources to the total available resources, often used in the context of credit utilization or operational capacity.

Net Income

The total earnings or profit of a person or company after deducting all expenses and taxes.

Variable Costs

Expenses that fluctuate based on the amount of products or services a company generates.

Net Income

Net Income is the total profit of a company after all expenses and taxes have been deducted from revenue.