In the 1990s, many people had rising incomes. At the same time, there was a rise in the cost of lumber. This would cause the demand for houses to _________ and the supply for houses to_________

a. Increase, increase
b. Increase, decrease
c. Decrease, increase
d. Decrease, decrease

b

Economics

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Which of the following statements is NOT true about Say's law?

A) Markets would be regularly hit by severe shortages and surpluses. B) People produce more goods than they want for their own use only if they seek to trade them for other goods. C) Desired expenditures will equal actual expenditures. D) Surpluses will be eliminated by falling prices and shortages will be eliminated by increasing prices.

Economics

The Sherman Antitrust Act was an amendment to the Clayton Act

a. True b. False Indicate whether the statement is true or false

Economics