Question

Which of the following results from the fact that housing is expensive and

time-consuming to build?
O
A. Population density goes up and down quickly.
B. The supply of housing is inelastic.
C. The demand for housing grows slowly.
O
D. Investing in housing is very risky.

Answer 1

B. The supply of housing is inelastic.

Step-by-step explanation:

Inelastic demand means a change in the price of the house, will not have a significant effect on the demanded along with it being time consuming.