Which of the Following Sets of Events Must Cause an Increase

question 31

Multiple Choice

Which of the following sets of events must cause an increase in the price of a new house?

• A)higher wages for carpenters,higher wood prices,increases in consumer incomes,higher apartment rents,increases in population,and expectations of higher house prices in the future
• B)lower wages for carpenters,lower wood prices,increases in consumer incomes,higher apartment rents,increases in population and expectations of higher house prices in the future
• C)lower wages for carpenters,higher wood prices,decreases in consumer incomes,higher apartment rents,decreases in population and expectations of higher house prices in the future
• D)higher wages for carpenters,lower wood prices,decreases in consumer incomes,lower apartment rents,decreases in population and expectations of lower house prices in the future

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Definitions:

Luncheon

A formal or informal meal taken in the middle of the day, typically involving a variety of foods.

Chef

A professional cook, often the head of a kitchen in a restaurant or hotel.

Feet

A unit of length in the imperial and US customary systems, equal to 12 inches or 0.3048 meters.

12-Gauge

A term commonly referring to the caliber of a shotgun, based on the number of lead balls of size equal to the shotgun's bore that can be made from one pound of lead.