A news report states that the housing market is making a comeback and that house prices are on the rise. This information is likely to:
A) increase the demand for houses due to a change in expectations of future prices.
B) decrease the demand for houses due to a change in expectations of future prices.
C) have no effect on the current housing market, but will increase the demand for houses in the future.
D) have no effect on the demand for houses, but it will decrease the supply.
Correct Answer:
Verified
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