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Many home buyers use mortgages to purchase new homes. What effect does an increase in interest rates have on the market for new homes? a.
Many home buyers use mortgages to purchase new homes. What effect does an increase in interest rates have on the market for new homes? a. The demand for new homes increases, increasing the price of new homes. b. The supply of new homes decreases, increasing the price of new homes. c. The demand for new homes decreases, decreasing the price of new homes. d. The supply of new homes increases, decreasing the price of new homes
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