A Person Is Attempting to Sell Their House,but There Has

question 145

Multiple Choice

A person is attempting to sell their house,but there has been no interest in the house or offers to buy after several months.Which of the following actions are most appropriately based on the laws of supply and demand?

• A)Lower the price until a buyer is attracted.
• B)Raise the price to indicate improvements to the house.
• C)Advertise more heavily.
• D)Change real estate companies.

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Definitions:

Political Interest Groups

Organizations that seek to influence government policy and decision-making without seeking formal political office, often by lobbying or campaigning.

Corporatists

Individuals or philosophies advocating the control of a state or organization by large interest groups, emphasizing the collaboration between the government and major industries for economic regulation and stability.

Organizing Economies

The structured arrangement and management of economic activities and resources within a community, region, or country, aiming for efficiency and growth.

German Republic

Refers to the Weimar Republic, the democratic government of Germany from 1919 to 1933, established after World War I and ended with the rise of Nazi power.