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Recall Application 1, "Hurricane Katrina and the Baton Rouge Housing

Question 12

Multiple Choice

Recall Application 1, "Hurricane Katrina and the Baton Rouge Housing Prices," to answer the following questions:
-Hurricane Katrina in 2005 caused housing prices to rise in nearby areas like Baton Rouge due to


A) a decrease in housing supply due to hurricane damage.
B) a decrease in housing demand because people left the area.
C) an increase in housing supply due to a growth in building.
D) an increase in housing demand from refugees from the affected area.

Correct Answer:

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