The Services of Real Estate Brokers Are Provided in a Competitive

question 119

Multiple Choice

The services of real estate brokers are provided in a competitive market.If the state Board of Realtors enacts several requirements that limit the number of real estate brokers,which of the following is most likely to occur?

• A) The supply curve of real estate brokers will shift to the left.
• B) The supply curve of real estate brokers will shift to the right.
• C) Social welfare will remain unchanged.
• D) The supply curve will remain unchanged.

---

Definitions:

Team Cohesiveness

The degree to which team members are attracted to each other and are motivated to stay in the team, fostering unity and collaboration.

Faultlines

Represent hypothetical dividing lines that split a group into subgroups based on one or more attributes, such as demographics or values, which might affect group harmony and cooperation.

Calculus

is a branch of mathematics that focuses on rates of change (differential calculus) and accumulation of quantities (integral calculus), using methods to solve problems involving these concepts.

Trust

Trust is the confidence or belief in the reliability, truth, ability, or strength of someone or something.