using the business cycle to make predictions\nthe business cycle\na family is trying to sell their home at…

using the business cycle to make predictions\nthe business cycle\na family is trying to sell their home at point 2 on the graph.\nhow might this affect the sale of their home? check all that apply.\ntheir home will likely sell for a low price.\ntheir home will likely sell for a high price.\ntheir home will likely take longer to sell.\ntheir home will likely increase in value if they wait.\ntheir home will likely sell quickly.

using the business cycle to make predictions\nthe business cycle\na family is trying to sell their home at point 2 on the graph.\nhow might this affect the sale of their home? check all that apply.\ntheir home will likely sell for a low price.\ntheir home will likely sell for a high price.\ntheir home will likely take longer to sell.\ntheir home will likely increase in value if they wait.\ntheir home will likely sell quickly.

Answer

Brief Explanations:

Point 2 on the business - cycle graph represents a trough where economic output is low. In a weak economy, demand for housing is usually low. So, homes tend to sell for lower prices and take longer to sell. Also, waiting for the economy to recover (as shown by the upward - sloping part of the cycle after point 2) may lead to an increase in home value.

Answer:

Their home will likely sell for a low price. Their home will likely take longer to sell. Their home will likely increase in value if they wait.