A Decrease in the Brokerage Commissions in the Housing Market

question 77

Multiple Choice

A decrease in the brokerage commissions in the housing market from 6 percent to 5 percent 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

---

Definitions:

Relative Frequencies

The proportion of times a particular value occurs in a dataset relative to the total number of occurrences.

Bar Charts

Graphical representations of data using bars of different heights or lengths to illustrate comparisons among categories.

Stem And Leaf Plots

A graphical method used in descriptive statistics for organizing and displaying quantitative data to show its shape and distribution.

Qualitative Data

Data that describes attributes or categories and cannot be measured numerically.