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6. Over the past few years, the price of homes in Florida has increased as new residents continue to move into the state. This means
6. Over the past few years, the price of homes in Florida has increased as new residents continue to move into the state. This means that: a. The resource directing role of prices will cause more homes to be built. b. Say's Law will not hold up since this is clearly an increase in demand causing more supply. c. The information being conveyed is that home prices are too high and therefore demand will fall. d. The quantity of homes supplied was greater than the quantity demanded before prices increased. e. A and B only
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