1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
3 years ago
13

Assume household income has fallen dramatically in Country X and the cost of construction materials for building new houses has

increased. How will these changes affect the equilibrium price and equilibrium quantity for new houses?
A) The equilibrium price will increase, and the equilibrium quantity will decrease.
B) The equilibrium price will decrease, and the equilibrium quantity will decrease.
C)The equilibrium price will decrease, and the equilibrium quantity will increase.
D) The equilibrium price will decrease, and the equilibrium quantity will be indeterminate.
E) The equilibrium price will be indeterminate, and the equilibrium quantity will decrease.
Social Studies
1 answer:
aivan3 [116]3 years ago
5 0

Answer:

A) The equilibrium price will increase, and the equilibrium quantity will decrease.

Explanation:

Since the cost of building materials have increased, equilibrium price of new houses will increase, however, equilibrium quantity of new houses will reduce. According to the law of supply and demand, unless a product is inelastic, increase in price results in decrease in demand. Thus with the increase in the cost of new houses, will bring about a decrease in the quantity of new houses.

You might be interested in
What is Budapest’s nickname?
krok68 [10]
Queen of the Danube

I know this is right, I did research. Hope this helps
8 0
2 years ago
Read 2 more answers
I HATE PEOPLE TROLLING MY QUESTIONS OR JUST COPYING IT FROM GOOGLE LIKE UGH FOR THE SAKE OF GOD JUST HELP AND WRITE IT IN YOUR O
son4ous [18]

1.They were not allowed to vote and lost most control of their property (if they had any to begin with) in marriage. They could not divorce, and even single women could not make contracts, sue anyone, or be sued, at least until the late 18th century.  

2 During most of American history, women’s lives in most states were circumscribed by common law brought to North America by English colonists

3 they were not aloud to vote and lost most control of their property

4 Referent power is about gaining others’ followership because they respect you, they want your approval, and they want to be like you

3 0
3 years ago
Which of the following statements best describes the government of Somalia?
Ksivusya [100]

Answer:

The answer would be: 

<u>an anarchy</u><u> </u>where rival warlords fight for control of the government

Explanation:

6 0
3 years ago
Argumento casual de virus
melomori [17]

Answer:

?????????????

Explanation:

5 0
3 years ago
Which religion is most closely associated with the image of a wooden cross?
kupik [55]

Answer:

Christianity

Explanation:

4 0
3 years ago
Other questions:
  • In a stressful situation, feelings of pain are dulled by _____.
    10·2 answers
  • TILA requires lenders to make certain disclosures on loans subject to the Real Estate Settlement Procedures Act (RESPA) within _
    11·1 answer
  • Which two powers guide much of the daily work of Congress?
    10·2 answers
  • Appralsal theorles focus on what?
    15·1 answer
  • Let us go on now to tell of a large city which forms part of the province of Aden but has a petty ruler of its own. This city, w
    12·1 answer
  • In your opinion what can be done for nepal to develop make a list of suggestion<br>​
    11·2 answers
  • PLEASE ANSWER IMMEDIATELY!!!
    13·2 answers
  • Which best illustrates Malala Yousafzai’s story
    8·1 answer
  • What are some things that goverment provides for people who live in the uae
    13·1 answer
  • Cooperative federalism was a natural outcome of franklin d. roosevelt's new deal programs because:_________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!