uppose both buyers and sellers now expect that the price of homes will increase in the future (because "housing prices always go up!"). In terms of the predicted effects these expectations have on the equilibrium allocation today, which of the following must be true? (check all that apply) the equilibrium price of housing will decrease today in response to these expectations the equilibrium quantity of housing will increase today in response to these expectations the equilibrium quantity of housing will decrease today in response to these expectations the equilibrium price of housing will increase today in response to these expectations

uppose both buyers and sellers now expect that the price of homes will increase in the future (because "housing prices always go up!"). In terms of the predicted effects these expectations have on the equilibrium allocation today, which of the following must be true? (check all that apply) the equilibrium price of housing will decrease today in response to these expectations the equilibrium quantity of housing will increase today in response to these expectations the equilibrium quantity of housing will decrease today in response to these expectations the equilibrium price of housing will increase today in response to these expectations

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 25P

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