Explain why you would be more or less willing to buy ahouse under the following circumstances:a. You just inherited $100,000.b. Real estate commissions fall from 6% of the salesprice to 5% of the sales price.c. You expect Microsoft stock to double in value next year.d. Prices in the stock market become more volatile.e. You expect housing prices to fall.

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Chapter16: Information, Risk, And Insurance
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Explain why you would be more or less willing to buy a
house under the following circumstances:
a. You just inherited $100,000.
b. Real estate commissions fall from 6% of the sales
price to 5% of the sales price.
c. You expect Microsoft stock to double in value next year.
d. Prices in the stock market become more volatile.
e. You expect housing prices to fall.

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