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insherro insherro
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2 years ago
Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes. Based on this information we can conclude, with certainty, that in the market for used single-family homes equilibrium:
A) price will increase.
B) price will decrease.
C) quantity will increase.
D) quantity will decrease.
Textbook 

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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2 years ago
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