L
little dragon
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these question please check answer? 5.A
6.D
7. C
8. B
5. Which of the following best explains why the supply of housing doesn't automatically increase to meet rising demand?
The ever-increasing size of the population is always increasing demand faster than supply can grow.
There's never enough capital investment to meet the high cost of building new houses.
The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.
There are so many different kinds of housing that it's difficult to predict what kind of housing consumers are demanding.
6. Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area?
An area with a lower population density won't have enough construction workers to build new houses quickly.
Older people are more likely to stay in their houses, creating a seller's market that keeps prices low.
When more people have children, their incomes tend to be higher and the housing prices are also higher.
An area with younger people will have a higher demand for rentals and a lower demand for buying.
7. Which of the following tends to result in an increase in the selling price of houses in an area?
A decrease in mortgage interest rates.
An increase in property taxes.
An increase in the construction of new homes.
A decrease in the population of the city or town.
8. Which of the following situations would create a buyer's market?
A rapid increase in the population of a city or town.
A factory laying off a lot of workers in the area.
A lot of construction workers moving away from the area.
The price of building materials going up faster than the inflation rate
6.D
7. C
8. B
5. Which of the following best explains why the supply of housing doesn't automatically increase to meet rising demand?
The ever-increasing size of the population is always increasing demand faster than supply can grow.
There's never enough capital investment to meet the high cost of building new houses.
The supply of housing can't change very quickly because building houses is expensive and takes a lot of time.
There are so many different kinds of housing that it's difficult to predict what kind of housing consumers are demanding.
6. Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area?
An area with a lower population density won't have enough construction workers to build new houses quickly.
Older people are more likely to stay in their houses, creating a seller's market that keeps prices low.
When more people have children, their incomes tend to be higher and the housing prices are also higher.
An area with younger people will have a higher demand for rentals and a lower demand for buying.
7. Which of the following tends to result in an increase in the selling price of houses in an area?
A decrease in mortgage interest rates.
An increase in property taxes.
An increase in the construction of new homes.
A decrease in the population of the city or town.
8. Which of the following situations would create a buyer's market?
A rapid increase in the population of a city or town.
A factory laying off a lot of workers in the area.
A lot of construction workers moving away from the area.
The price of building materials going up faster than the inflation rate