Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

The demand for new homes in United States is often described as highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics, describe the effect of each of the following on the quantity demanded or the demand for new homes. Indicate whether the effect of each of the following is an upward or downward movement along a given demand curve or instead involves an outward or inward shift in the relevant demand curve for new homes.

describe your answers.

a. A decrease in the average price of new homes.

b. A fall in U.S. interest rates

c. A rise in the price of pre-owned homes.

d. A rise in the price of airline tickets.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M937909

Have any Question?


Related Questions in Microeconomics

Question 1 according to alaskan state economist mark

Question: 1. According to Alaskan state economist Mark Edwards, the multiplier effect of Alaska's trade with Japan is such that for every $1 billion exported from Alaska to Japan another $600 million is added to the stat ...

Question 1 private discountingyou are considering

Question: 1. Private Discounting You are considering installing all new compact fluorescent light bulbs in your house. Your initial investment in the light bulbs will cost a total of $400 and you expect them to last 4 ye ...

Question calculate the equity each of these people has in

Question: Calculate the equity each of these people has in his or her home: a. Fred just bought a house for $200,000 by putting 10% as a down payment and borrowing the rest from the bank. b. Freda bought a house for $150 ...

Question -1 how does the fda face the problem of scarcity2

Question - 1. How does the FDA face the problem of scarcity? 2. Do you think that the FDA is making good choices in the face of scarcity? 3. Explain the trade-off that the FDA faces.

Question a person buys a bond that matures in 10 years and

Question: A person buys a bond that matures in 10 years and pays a 10% coupon rate. The face valley is 10,000 . How much money will be received in the 10th year? The response must be typed, single spaced, must be in time ...

Question learn about current trends in servant leadership

Question: Learn about current trends in servant leadership by conducting your own research and locating an article that illustrates how the principles of servant leadership are being employed in the workplace, as part of ...

Question airlines routinely overbook flights selling more

Question: Airlines routinely overbook flights, selling more tickets than seats available. If too many ticketed passengers show up, they offer payments to volunteers who are willing to give up their seats. These take such ...

Question a manager is considering two technological lines

Question: A manager is considering two technological lines to produce candies. The first one requires $1 million in initial investment and produces 150 kilograms (kg) of candies per day. The second one requires $1.3 mill ...

Question is the demand curve for children downward sloping

Question: Is the demand curve for children downward sloping? Explain, being careful to specify exactly what you mean by the price of children. What is your evidence? How about the demand for high grades in this course? D ...

Question jones has organized a proxy fight to take control

Question: Jones has organized a proxy fight to take control of XYZ corporation. He purchases several million shares on the market (which he can vote) and simultaneously sells them short. Thus, disregarding the cost of ar ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved