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darkfire12 darkfire12
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2 months ago

Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidize the home-construction industry by giving the home-construction companies $10,000 for every house that they build. As a result of this,



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the supply curve of new houses would shift leftward, since it now costs $10,000 more for builders to produce a house.



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the demand curve for new houses would shift rightward, since now every family would want to buy a house.



▸

the demand curve for new houses would shift leftward.



▸

the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.



▸

c and d

Textbook 
Economics

Economics


Edition: 12th
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penmcpenmc
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More solutions for this book are available here

the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.
1

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darkfire12 Author
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2 months ago
Smart ... Thanks!
jamesbove
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Yesterday
Just got PERFECT on my quiz
Transonic
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2 hours ago
Good timing, thanks!
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