Question
As a result of a decline in interest rates and a rise in household income, the demand curve for housing has shifted to the right,
As a result of a decline in interest rates and a rise in household income, the demand curve for housing has shifted to the right, but has retained the same slope. Consequently, the elasticity of demand for housing
A. has remained unchanged
B. cannot be compared
C. has increased
D. has declined
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College Accounting Chapters 1-12
Authors: David D Busch, Tracie Nobles
11th Edition
1133710190, 978-1133710196
