Recall the Application about Hurricane Katrina and housing prices to answer the following question(s) .
After Hurricane Katrina, about 250,000 New Orleans residents relocated to Baton Rouge, Louisiana, and as
a result, housing prices in Baton Rouge rose from an average of $130,000 for a single -family home to
$156,000 six months later. Just prior to the hurricane, 3,600 homes were listed for sale in Baton Rouge, and
a week after the hurricane only 500 homes were listed for sale.
-According to this Application, from the time period immediately preceding Hurricane Katrina to six months following the storm, the average price for a single-family home in Baton Rouge increased by _______ percent.
A) 8
B) 17
C) 20
D) 26
Correct Answer:
Verified
Q147: Recall the Application about the decline in
Q151: Recall the Application about the changes in
Q154: Recall the Application about the changes in
Q157: Recall the Application about Hurricane Katrina and
Q157: Recall the Application about the decline in
Q161: Recall the Application about the price of
Q163: When supply decreases and the supply curve
Q165: When demand increases and the demand curve
Q166: When supply increases and the supply curve
Q171: Explain what will happen to the equilibrium
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents