The law of demand states that when the price of a good increases, the quantity demanded decreases.
<h3>What is the law of demand?</h3>
The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. The quantity demanded of a good is inversely related to the price of the good. This explains why the demand curve is downward sloping.
For example, if the price of a shoe increases, the quantity demanded of the good decreases.
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two (2) years of the most recent date of alleged discriminatory action.
What is HUD ?
The United States government's Department of Housing and Urban Development (HUD) was established in 1965 as a part of then-President Lyndon Johnson's Great Society program to broaden the nation's welfare state. Its main goal is to increase chances for affordable homeownership in order to strengthen the inner-city housing market and homeownership.
The goals of HUD's programs are to expand safe and inexpensive rental options, decrease chronic homelessness, combat housing discrimination by providing equitable access to the rental and purchase markets, and assist disadvantaged groups.
The U.S. government's Department of Housing and Urban Development (HUD) promotes neighborhood growth and house ownership.
Based on sex, race, color, national origin, religion, family status, and disabilities, the Fair Housing Act outlaws discrimination in housing.
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Answer:
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.
