Which of the following statements about the housing market is not true?
A) The demand curve for housing is negatively sloped.
B) Many experts believe that one of the factors contributing to the housing bust of 2006 was that interest rates had been too high since the year 2000.
C) The quantity of housing demanded is negatively related to the rental price of housing.
D) For many people, the house they live in is the largest capital item they rent or own.
E) All of these are true.
Correct Answer:
Verified
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