Tasha decides that when homes in her neighborhood are selling for $150,000 she will not sell her home. When average prices rise to $175,000, she decides that she will put her home on the market. This is an example of:
a. market demand.
b. market-day supply.
c. an excess supply of homes.
d. a positively-sloped supply curve.
e. a negatively-sloped supply curve.
d
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Answer the following statement true (T) or false (F)