Consider the market for new homes. Ceteris paribus, which event will cause producer surplus to increase, assuming the market sells at the equilibrium price?
A) The price of ready-mix concrete falls.
B) A sluggish economy encourages millennials to continue to live at home with their parents.
C) The cost of metal roofing jumps 6.4%.
D) A decrease in immigration creates a sluggish housing market.
Correct Answer:
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