which shows the housing market a normal good If incomes inc

which shows the housing market - a normal good. If incomes increase and the price of materials used to build housing equilibrium rent will be and the equilibrium quantity will be

Solution

C. Ambiguous; greater than 800

Explanation:- If the consumer income increases and the price of material used to build housing units decreases, then the demand for housing units will increase and the equilibrium quantity will be greater than 800 and equilibrium rent will be ambiguous.