What Is One Reason Why High Prices Often Exist Even

question 10

Multiple Choice

What is one reason why high prices often exist even when housing supplies are adequate?

• A)The ownership of rental housing is often concentrated in a relatively small number of hands.These owners have the possibility of market control.
• B)Discrimination against minority families,families with children,or the poor can limit the possibilities of where they can rent.
• C)Both A and B
• D)Neither A nor B

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Definitions:

Cultural Traits

Characteristics that define a particular culture, including language, religion, cuisine, social habits, music, and arts.

Tight Culture

Societal or organizational cultures characterized by strong social norms and a low tolerance for deviant behavior.

Conservative Cultural

Pertaining to cultures that prioritize traditional values and are resistant to change or new ideas.

Behavior Norms

Social rules that govern the actions within a group, specifying appropriate and acceptable behaviors for its members.