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e-lub [12.9K]
4 years ago
7

Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes.

Business
1 answer:
hammer [34]4 years ago
5 0

Answer: B) price will decrease.

Explanation: increasing default in the payment of mortgages causes a corresponding increase in the number of foreclosures of homes. This maybe attributed to a decrease in the earnings of consumers. This means that there's a likelihood of more defaults, the demand for homes falls which drives down prices. Also, neighborhoods with high foreclosure numbers often see a drop of 1% in home value and quite often also, deserted homes fall into disrepair. Homes with no curb appeal and need significant repairs do not sell for market value. Therefore the prices will decrease.

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8 0
3 years ago
A _______ can illustrate your achievements that are difficult to display in a cover letter or resume.
alexira [117]

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7 0
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List 5 factors that ​you ​would be looking for when buying a used car.
julia-pushkina [17]

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4 0
3 years ago
In a small, closed economy, national income (GDP) is $400.00 million for the current year. Individuals have spent $150.00 millio
emmasim [6.3K]

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3 0
3 years ago
Zeus wanted to convey Mount Olympus to Artemis, Ares, Aphrodite, and Athena in equal shares. On July 1, he saw Artemis, Aphrodit
dsp73

Answer:

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