A person is attempting to sell their house,but there has been no interest in the house or offers to buy after several months.Which of the following actions are most appropriately based on the laws of supply and demand?

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Quizplus · Accepted Answer

The lack of interest in the house indicates that the demand is low. To increase demand, the seller should lower the price of the house, which aligns with the law of supply and demand. Lowering the price will create more demand for the house, and hopefully, attract buyers who were not interested at the initial price. Raising the price or advertising more heavily may not be effective if the demand is already low. Changing real estate companies may help with marketing, but it does not address the issue of low demand.

A Person Is Attempting to Sell Their House,but There Has