If the market price for houses is in equilibrium and the price of lumber increases:
A) the demand curve for houses will shift to the left, reducing the price of houses.
B) the demand curve for houses will shift to the right, increasing the price of houses.
C) the supply curve for houses will shift to the right, increasing the price of houses.
D) the supply curve for houses will shift to the left, increasing the price of houses.
Correct Answer:
Verified
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