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stira [4]
3 years ago
7

Suppose the local real estate market is in equilibrium. Recently a recession has caused local household incomes to decline. At t

he same time, construction of a large subdivision of new homes has just been completed. Given these two changes, we can predict the price of real estate will ________ and the quantity of real estate bought and sold will ________. Group of answer choices
a) fall; fall if the demand decrease is larger than the supply increase
b) fall; rise if the demand decrease is larger than the supply increase
c) rise if the supply increase is larger than the demand decrease; fall
d) fall if the demand decrease is larger than the supply increase; rise
Business
1 answer:
elena55 [62]3 years ago
7 0

Answer:  Given these two changes, we can predict the price of real estate will <u>FALL</u> and the quantity of real estate bought and sold will <u>fall if the demand decrease is larger than the supply increase.</u>

The correct answer is "a) fall; fall if the demand decrease is larger than the supply increase".

Explanation: A decrease in the income of local households indisputably causes households to consume less, that is, a decrease in demand, when the construction of a subdivision of houses is completed, there is an increase in the supply of real estate, to know if the amount of real estate purchased and sold will be greater or lesser, we must know how much the demand decreased and how much the supply increased, since if the demand decrease is larger than the supply increase the amount will be smaller, and if the supply increase is greater than the decrease of the demand the amount will be greater.

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7 0
3 years ago
​Let's assume that a carpenter borrowed ​$2 comma 000 to be paid off in a year to finance a machine that would make him work fas
Hoochie [10]

Answer:

The carpenter earned an extra $100.

Explanation:

Since this problem deals with a one-year loan with an yearly interest rate, it can be treated as a simple interest problem. For simple interests, the final value (Vf) can be found by multiplying the initial value (Vi) by one plus the interest rate (i) as shown below:

V_{f}= V_{i}*(1+i)\\V_{f}=2,000*(1+0,15)\\V_{f}=2,300

To find how much extra money the carpenter made in the first year, one should subtract the final value of loan from the $2,000 dollars down payment plus the extra $400 he collected for the year

Earnings = 2,000+400-2,300 = 100.

Therefore, the carpenter earned an extra $100.

6 0
4 years ago
Mention any two factors that determine the demand for education in less developed countries.
Evgesh-ka [11]
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3 years ago
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masya89 [10]
The graph of the function f(x)=-(x+6)(x+2) is shown

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8 0
4 years ago
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sleet_krkn [62]

Answer:

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The process like supplying , designing , production , quality control etc. are all process in supply chain management .

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The correct answer is supply chain management .

7 0
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