If the Quantity of Housing Supplied in a Community Is

question 1

Multiple Choice

If the quantity of housing supplied in a community is greater than the quantity of houses demanded,the existing price:

• A)is above the market equilibrium price.
• B)will rise to clear the market.
• C)will either rise or remain unchanged.
• D)is below the market equilibrium price.

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Definitions:

Logical Factors

Elements or considerations that are based on clear, sound reasoning or the formal laws of logic.

Emotional Factors

Elements that influence feelings, mood, and emotional states, affecting behavior and decision-making.

Truth

The quality or state of being true, in accordance with fact or reality.

Falsehood

A statement or belief that is untrue or deceptive.