HomeworkLib
Question

Which of the following will cause the supply curve for houses to shift rightward? a decrease...

Which of the following will cause the supply curve for houses to shift rightward?

a decrease in the price of wood, an input for housing construction.
an increase in the price of housing.
an increase in the demand for housing.
an increase in the price of cement, an input for housing construction.
more than one answer is correct.
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer : The answer is option A.

Because when the price of input fall then production cost decrease. When production cost decrease then producers produce more. As a result the market supply increase which shift the supply curve to rightward. Here wood is an input of housing construction and price of wood falls. As a result of this, the construction of houses increase which shift the supply curve of houses to rightward. Therefore, option A is correct.

0 0
Add a comment
Know the answer?
Add Answer to:
Which of the following will cause the supply curve for houses to shift rightward? a decrease...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Which of the following would cause a rightward shift of the supply curve for cell-phone services?...

    Which of the following would cause a rightward shift of the supply curve for cell-phone services? a subsidy to cell-phone producers a tax on cell-phone producers an increase in price of cell-phones a decrease in price of cell-phones

  • 1. which of the following will cause the demand of loanable funds curve to shift rightward?...

    1. which of the following will cause the demand of loanable funds curve to shift rightward? A) businesses are more confident in the future of the economy B) household’s wealth increases C) an increase in government regulations that make plant expansion difficult D) an increase in asset prices leading to a decrease in purchases of stocks and bonds 2. which of the following will cause the supply of loanable funds curve to shift rightward? A) An increase in the government...

  • what are the right answers Question 7 0/1 point A rightward shift in the supply curve...

    what are the right answers Question 7 0/1 point A rightward shift in the supply curve indicates a shift in the demand curve also (because demand must equal supply). that an increase in income results in an increase in the quantity demanded at each price. that more is demanded at each price. an increase in the quantity supplied at each price. a decrease in the quantity supplied at each price. Question 8 0/1 point Economists say there has been a...

  • A rightward shift of the demand curve for computer programmers will result in a shift in...

    A rightward shift of the demand curve for computer programmers will result in a shift in the supply curve for programmers and an increase in the price of computer programs movement along the supply curve for computer programs movement along the supply curve for computer programmers and a shift in the supply curve for computer programs movement along the supply curve for programmers and a decrease in the price of computer programs

  • Which of the following could cause a decrease in the supply of jelly?

     Which of the following could cause a decrease in the supply of jelly? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. An increase in the price of jelly. An increase in the price of peanut butter. A decrease in the expected future price of jelly. A decrease in income, if jelly is an inferior good. An increase in the price of sugar, an input to jelly production.

  • Which of the following might cause the supply curve for an inferior good to shift to the right?

    Which of the following might cause the supply curve for an inferior good to shift to the right? a. an increase in input prices b. a decrease in consumer income c, an improvement in production technology that makes production of the good more prod. a decrease in the number of sellers in the market

  • Which of the following shifts the supply curve rightward?

    Which of the following shifts the supply curve rightward? Select one: a. A decrease in the price of a factor of production used to produce the good. b. An increase in the population. c. A positive change in preferences for the good. d. A decrease in the price of the good.

  • If the price of a DVD falls, i. the demand curve for DVDs will shift rightward....

    If the price of a DVD falls, i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. Select one: A. i only d B. ii only C. iii only D. ii and i E. i and iii O Which of the following increases the supply of petrol? Select one: O A. A decrease in the price of a resource used...

  • Which of the following would cause a shift to the right of the supply curve for...

    Which of the following would cause a shift to the right of the supply curve for coffee? I. A large increase in preference for coffee. II. A large decrease in the price of a cup of coffee. III. A good harvest of coffee bean. - Select one: I only II only II and III only III only

  • which of the following would not shift either the supply or the demand curve in the...

    which of the following would not shift either the supply or the demand curve in the market for housing? A. an increase in the number of people who are retiring. B. a possibility of higher construction costs C. an increase in the cost of home insurance D. increase in real estate prices

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT