Which of the following will increase the quantity of new construction supplied in the market?
A) an increase in the price of new houses
B) a decrease in the price of new houses
C) a decrease in the price of lumber
D) an increase in the use of machinery
Correct Answer:
Verified
Q21: In drawing the supply curve for cars,
Q22: The quantity supplied of any product:
A) increases
Q23: If construction workers achieve a wage increase
Q24: Which of the following will not cause
Q25: When we refer to an increase in
Q27: Which of the following will increase the
Q28: If potatoes and rice are substitutes for
Q29: An increase in the price of gasoline
Q30: If the market price for houses is
Q31: The introduction of labour-saving machinery in the
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