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Effect of Income Changes Worksheet - House Price Simulation [Virtual Learning Arcade]

A brief interactive worksheet looking at the impact on the price of a house of an increase in household income in the house prices simulation in the Virtual Learning Arcade.

Determination of a house price: Household Income

The aim of these question is to assess how an increase in household income will effect the price of a house.

If the level of household income increased, then the price of houses would (select one answer)

(a) * increase
(b) * decrease

What happens to the price of a house if household income increased (household income increases by £3000.00); Try This

(Type your answer to the previous question in the box below, then click on explain)


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Submitted by bized on Wed, 14/03/2001 - 13:00