Luis, the owner of a shoe factory in panama, is unhappy due to a tax that the u. s. government has implemented on shoes exported from panama into the united states. the u. s. government says it has imposed the tax in order to protect u. s. shoe companies. this tax is an example of a tariff.

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.