Suppose Prices for New Homes Have Risen and Sales of New

question 145

Multiple Choice

Suppose prices for new homes have risen and sales of new homes have also risen. We can conclude that

• A) the demand for new homes has risen.
• B) the law of demand has been violated.
• C) new firms have entered the construction industry.
• D) construction firms must be facing higher costs.

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Definitions:

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, based on the gender(s) to which one is attracted.

Gender

A social construct that refers to roles, behaviors, activities, and attributes that a given society considers appropriate for men and women or various gender identities.

Suicidality

The risk of suicide or a tendency towards suicidal behavior.

Refugee

A person forced to flee their country due to persecution, war, or violence.