2. Explain why you Would be more or less Willing to buy a house under the following circumstances:

a. You just inherited $100,000,

b. Real estate commissions fau from of the sales price to of sales prece-

c. You expect Polaroid stexk to double in value next year.

d. Prices in the stock market become more volatile

e. You expect housing ptices to g. •The ITvore risk-averse people are, the more likely they are to diversify." Is this statement true, false, or uncertain? Explain your answer,