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:

360-Day Year

An accounting convention that uses 360 days in a year for calculating interest on loans and other financial instruments.

Commission

A service charge assessed by a broker or agent for providing assistance in the execution of a transaction.

Accrued Interest

Interest that has been earned but not yet paid.

Semiannually

Occurring twice a year, typically used in the context of payments, interest calculations, or reports.