As lumber becomes more expensive

A) the quantity of lumber demanded will increase.
B) the equilibrium quantity of new houses will decrease.
C) the supply of new houses will increase.
D) None of the choices are correct.

Lumber

Processed wood used for building and construction.

Equilibrium Quantity

The quantity bought and sold at the equilibrium price.

Expensive

Describes goods or services that have a high price or cost, often relative to similar items.