A newspaper reports that in an urban area the average price of new homes had decreased, but the number of new homes sold had increased.This situation would best be explained by a(n):

Question

Quizplus · Accepted Answer

An increase in supply would lead to a decrease in price and an increase in the quantity sold. This scenario aligns with the reported decrease in price and increase in number of homes sold.

A Newspaper Reports That in an Urban Area the Average