A study prepared for the National Association of Realtors estimates that the number of housing starts per year over the next 5 yr will be million units, where r (percent) is the mortgage rate. Use differentials to estimate the decrease in the number of housing starts when the mortgage rate is increased from 17% to 17.8%. Round to the nearest unit. Give your answer as a number without the units.

Question

A study prepared for the National Association of Realtors estimates that the number of housing starts per year over the next 5 yr will be  million units, where r (percent) is the mortgage rate. Use differentials to estimate the decrease in the number of housing starts when the mortgage rate is increased from 17% to 17.8%. Round to the nearest unit. Give your answer as a number without the units.

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The Answer of A study prepared for the National Association of Realtors estimates that the number of housing starts per year over the next 5 yr will be  million units, where r (percent) is the mortgage rate. Use differentials to estimate the decrease in the number of housing starts when the mortgage rate is increased from 17% to 17.8%. Round to the nearest unit. Give your answer as a number without the units.

A Study Prepared for the National Association of Realtors Estimates