Which of the following is not a potential cause of an increase in the price of housing? Select one: O a. The price of land increases O b. An increase in consumer income O c. Cheaper methods of prefabricating homes are developed O d. An increase in population

Which of the following is not a potential cause of an increase in the price of housing? Select one: O a. The price of land increases O b. An increase in consumer income O c. Cheaper methods of prefabricating homes are developed O d. An increase in population

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following is not a potential cause of an increase in the price of housing?
Select one:
O a. The price of land increases
O b. An increase in consumer income
O c. Cheaper methods of prefabricating homes are developed
O d. An increase in population
Oe.
Construction workers' wage increase with no offsetting increase in productivity

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