When Analyzing the Housing Market,the Supply Curve

question 16

Multiple Choice

When analyzing the housing market,the supply curve

• A) will be upward sloping because the higher the price of a house the more that will exist
• B) will be horizontal to illustrate that the supply of housing is a stock variable
• C) will be downward sloping;that is what went wrong with the housing market
• D) will be vertical to illustrate that the supply of housing is a stock variable
• E) could be horizontal,vertical or upward sloping depending upon the housing market in question

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