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:

Prosperity

A state of flourishing, success, or wealth in a social or economic context.

Cyrus Field

An American entrepreneur and inventor best known for laying the first successful transatlantic telegraph cable in 1858, revolutionizing international communication.

Transatlantic Telegraph Cable

An undersea cable laid across the Atlantic Ocean used for telegraph communications, first successfully completed in 1866, markedly reducing communication time between Europe and North America.

Underwater

The term "underwater" refers to being submerged in or covered by water, often used in the context of diving, marine environments, or submerged objects.