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Economics (AS & A Level) · Oct / Nov 2022 · Paper 11 · Question 6

9708Demand and supply curves

The diagram shows the demand curve for housing. What is not assumed to remain constant when drawing this curve?

  1. Aconsumer incomes
  2. Bexpectations about future house prices
  3. Cthe price of houses
  4. Dthe rate of interest charged on loans for house purchase

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Correct answer: C. the price of houses

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