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
Describe the intellectual accomplishments of african and bantu civilizations
stich3 [128]
Yes.invention scientific instruments and Roman numerals numbers
5 0
2 years ago
Legally, property other than land, including both tangible property and intangible property, is considered?
Romashka-Z-Leto [24]

Legally, property other than land, including both tangible property and intangible property, is considered personal property.

Any mobile or intangible asset with a value that can be possessed by a person and isn't classified as real property. Personal property refers to consumer and non-capital products and services, whereas private property often refers to capital or the means of production. Stocks and bonds are examples of investment property that are categorized as capital assets.  The entire personal property portfolio also counts as a capital asset.

There are three distinct categories of personal property: tangible, intangible, and listed. Anything that can be held and has a clear worth is considered tangible personal property, whereas anything that cannot be touched or held has intangible personal property.

To know more about Personal property refer to:  brainly.com/question/14115723

#SPJ4

8 0
1 year ago
Raider City has established a legally separate public financing corporation to issue debt for the city’s capital projects. The c
Blababa [14]

Answer:

a blended component unit

Explanation:

Based on the information provided within the question it seems that the public financing corporation should be reported as a blended component unit. This term refers to a component that is completely intertwined with the government that is in term is part of that government, or in this case the city. Seeing as the public financing corporation is created and managed by the city, it can be said that it is part of the city.

5 0
3 years ago
What does it mean to crop an image?
Georgia [21]
The answer is c. to trim off parts
5 0
3 years ago
Read 2 more answers
How did William penn's treatment of Native American differ from the puritans' treatment?
ikadub [295]
It's important to note that most colonists, including the Puritans, didn't treat Native Americans with respect.  They would enslave them, try to convert them to Christianity, and force them off the lands they had held for centuries (without any payment, even!).  William Penn was different.  He did NOT enslave them (B is incorrect), nor did he ignore them (C is incorrect).  Instead, he tried to make peace with them.  He treated them with respect, by letting them keep their traditions separate from the colonists (A is incorrect) and, when he needed land, paid a fair price for it.  D is correct!

Answer: D
8 0
3 years ago
Other questions:
  • In the market for online tutoring, there is an increase in the supply of online tutors during finals week, but there is an even
    13·1 answer
  • Many of the largest cities in Southwest Asia are located on or near Question options: deserts major rivers large grasslands moun
    14·2 answers
  • Who favored stong state government?
    11·2 answers
  • Select the ways that the National Guard is used. to protect American rivers to preserve law and order to assist in emergencies t
    15·2 answers
  • Brad has added a room to his house in anticipation of his elderly parents moving in with him. As their oldest son, he feels obli
    6·1 answer
  • Charlotte, a struggling single mother, sees a very wealthy man drop his wallet. Instead of informing him she keeps it and uses t
    7·2 answers
  • Which statement best describes the role of the vice president in Congress?
    15·1 answer
  • Ophelia and Gertrude owned stock in Great Danes, Inc., a luxury dog-breeding company. Great Danes, Inc. is incorporated in and h
    9·1 answer
  • What caused an increase in population increase in Europe? *
    12·2 answers
  • Several of the organizers of the freedom rides had previously participated in:.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!