Question

Housing price rose in January and February, fell slightly in March, and is holding steady now. Which of the following graph best represents this stated scenario?

• A.
• B.
• C.
• D.

Answer 1

The correct option is D

Let's discuss all the options one by one:

(a).
In this graph, over time, the housing price remains constant, which is not the stated scenario.

(b).
In this graph, some initial housing price is there, and it is rising over the time always that is not the scenario here.

(c).
In this graph, initial housing price is zero, and it is always rising over the time, which is not correct as per the stated scenario.

(d).
In this graph, some initial housing price is there, and it is rising for some time then falling and finally remains steady. This best represents the given scenario.

Hence, option (d.) is the correct one.