Question 15: The development industry tends to add new space to the real estate system when A. values in the asset market are greater than or equal to cost of production (including normal profits to the developer). B. rents in the space market fall below normal occupancy levels. C. suppliers of space demand higher returns on their investments (net of costs). D. the "months supply" indicator rises above normal levels. Question 16: In a market with an upward sloping supply function, an increase in demand for property would be met with A. an increase in equilibrium price. B. a decrease in equilibrium price. C. no change in equilibrium price. D. stagnant deflation