Question

Typically homes ___________ over time and cars ______________ over time.

Answer 1

I believe the answer is: A. appreciate; depreciate

The only assets that tend to always appreciate in value over time are only lands, building, and precious metal. Cars tend to depreciate over time because not only the function would deteriorate, newer version of the cars tend to provide better technology which attract more consumers.

Answer 2

Typically homes appreciate over time and cars depreciate over time.

Further explanation:

With the increase in population, values of homes are appreciating over time and cars are depreciating over time. In every city, there is limited area and population is increasing so with the increase in population, population density is also increasing. So the utility of cars is also increasing and other reason behind decreasing value of car might be technological advancement, there are varieties of cars which attract consumers.

HOMES DEPRECIATE AND CARS APPRECIATE OVER TIME

There is limited area and population is increasing so the value of homes has been constantly increasing with passing years. So the amount of land is decreasing and prices are increasing. Employment is also a major reason behind decreasing value of cars and increasing value of homes over time.

The one of the reason behind increase in cars demand is distance also as people travel long distance especially we can see this in metropolitan cities. In present society, car is not just a symbol of status but it has also become a necessity of people. Other factor like pollution is also responsible in high demand of cars. People prefer going by car rather than any other means.

So in this way, the prices of homes are increasing and cars are decreasing over time.

Learn more:

1. Why unequal access to basic service amount to social injustice?

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2. Which of these is an example of personification?

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Answer details:

Grade: High School

Subject: Social Studies

Topic: Prices of a commodity

Keywords: population, population density, technological advancement, value, prices, pollution, employment, consumers