Which of the Following Statements About the Housing Market Is

question 22

Multiple Choice

Which of the following statements about the housing market is not true?

• A)The demand curve for housing is negatively sloped.
• B)Many experts believe that one of the factors contributing to the housing bust of 2006 was that interest rates had been too high since the year 2000.
• C)The quantity of housing demanded is negatively related to the rental price of housing.
• D)For many people, the house they live in is the largest capital item they rent or own.
• E)All of these are true.

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Definitions:

Saturation

The intensity or purity of a color, indicating the absence of white light.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter and size of the pupil and thus the amount of light reaching the retina.

Pupil

The opening in the center of the iris of the eye, which regulates the amount of light that enters the eye.

Retina

A thin layer of tissue at the back of the eye that contains cells sensitive to light, which trigger nerve impulses that pass via the optic nerve to the brain, where a visual image is formed.