Answer:
A. The government buys up a lot of houses to build a new freeway.
Step-by-step explanation:
The correct answer is:
A. The government buys up a lot of houses to build a new freeway.
Step-by-step explanation:
A buyer's market is a market where there are more properties available than there are buyers, giving buyers an advantage in negotiating prices. A seller's market, on the other hand, is a market where there are more buyers than there are properties available, giving sellers an advantage in negotiating prices.
If the government buys up a lot of houses to build a new freeway, it reduces the number of properties available in the market, thus creating a shortage of housing. This will shift the market from a buyer's market to a seller's market, as the reduced supply will increase competition among buyers and give sellers an advantage in negotiating prices.
Option B is incorrect because an increase in building materials prices will likely increase the cost of building new homes and discourage new construction, which will reduce the supply of new properties and potentially shift the market towards a buyer's market.
Option C is incorrect because a natural disaster that drives away a lot of the population will reduce demand for housing, potentially shifting the market towards a buyer's market.
Option D is incorrect because a factory laying off a lot of workers in the area will reduce demand for housing, potentially shifting the market towards a buyer's market.