If a press release reports that the future price of new homes is expected to decrease and demanders respond more to the change in the expected future price than suppliers, which of the following is true?
A) Both the equilibrium quantity and price will decrease.
B) Both the equilibrium quantity and price will increase.
C) The equilibrium price will decrease and the equilibrium quantity will increase.
D) The equilibrium price will increase and the equilibrium quantity will decrease.
A) Both the equilibrium quantity and price will decrease.
You might also like to view...
Culture is human behavior that is genetically transmitted
Indicate whether the statement is true or false
Which of the following is a reason that anti-immigration attitudes may spread?
a. Multi-linguistic nations have a track record of failure. b. The lower and middle classes perceive themselves as suffering economically because of immigrants. c. Most immigrants have a past record of criminal behavior that endangers order in the new country. d. Most immigrants do not share prevailing heritage, values, and attitudes.
The English word "cats" has how many morphemes?
a. 4 morphemes: c-a-t-s. b. 2 morphemes: cat-s. c. No morphemes. d. 1 morpheme: cat. e. 3 morphemes: ca-t-s.
Research grants for ethnographic fieldwork are awarded:
a. on a highly competitive basis. b. to all deserving students of anthropology. c. to all students in graduate programs of anthropology. d. but few anthropologists actually do research overseas today. e. to those who do work in biomedical research.