in the 1990s, many people had rising incomes. at the same time, there was a rise in cost of wood. holding other factors constant, the demand for houses and the supply for houses . a. increase, increase b. increase, decrease c. decrease, increase d. decrease, decrease



Answer :

In the 1990s, many people had rising incomes. At the same time, there was a rise in cost of wood. Holding other factors constant, the demand for houses Increase and the supply for houses decrease.

What is income?

The amount of money, property, and other transfers of value received over a predetermined period of time in exchange for services or goods are generally referred to as "income." Income is defined according to the context in which the concept is used; there is no single, universal definition.

Income is the money that a person or organisation receives in return for providing labour, producing a good or service, or investing capital. While businesses make money by selling goods or services above their cost of production, individuals typically earn money through wages or salaries.

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