Tasha decides that when homes in her neighborhood are selling for $150,000 she will not sell her home. When average prices rise to $175,000, she decides that she will put her home on the market. This is an example of:

Question

Quizplus · Accepted Answer

This is an example of a positively-sloped supply curve, as Tasha is willing to supply her home at a higher price (when the market price reaches $175,000) than she would at a lower price (when the market price is $150,000).

Tasha Decides That When Homes in Her Neighborhood Are Selling