Question

What is most likely to happen as a result of the change in interest rates?
Housing prices will go up and down due to changing fiscal policy.
The market will experience more demand and the price of houses will go up.
The price of houses will go down in response to the decreased demand.
The prices for homes in that area will be stable due to the new monetary policy.

Answer 1

Answer:

B. The market will experience more demand and the price of houses will go up.

Answer 2

The market will experience more demand and the price of houses will go up.

The following information should be considered;

• In the case when there is any change in the rate of interest so here the market should have more demand due to which the housing price should increase up.
• Therefore, the second option is correct.

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