A Change in Money Income of Consumers Will

question 144

Multiple Choice

A change in money income of consumers will:

• A)affect the demand for housing through the income effect of a price change.
• B)affect the demand for housing through the substitution effect of a price change.
• C)shift the market demand curve for housing.
• D)affect quantity demanded only if housing is an inferior good.
• E)have no impact on the market demand for housing.

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