Question: Supply exceeds demand → prices fall.
Answer Choices:
True
False
Answer: True
Question: Rising interest rates → prices rise.
Answer Choices:
True
False
Answer: False
Question: Four-month supply — who has advantage?
Answer Choices:
Buyers
Sellers
Balanced
Answer: Sellers
Question: High construction costs → seller’s market.
Answer Choices:
True
False
Answer: True
Question: Prices eventually rise after low.
Answer Choices:
True
False
Answer: True
Question: Migration out causes seller’s market.
Answer Choices:
True
False
Answer: False
Question: Factory closing could cause contraction.
Answer Choices:
True
False
Answer: True
Question: Widget moves out — what market?
Answer Choices:
Buyer’s
Seller’s
Impossible
Answer: Buyer’s
Question: Supply rises — what happens to prices?
Answer Choices:
Fall slightly
Rise
Not affected
Impossible
Answer: Fall slightly
Question: Buyer’s market begins at peak.
Answer Choices:
True
False
Answer: True