Question

Type the correct answer in the box. Spell the word correctly.

Which type of demand has been created?

When the mortgage rates get high, the housing market will collapse, as fewer people will take loans for buying houses because of higher interest rates, and this will result in a demand.

Answer 1

Scarce demand / inflation

The word "scarce" means low on supplies or anything else.

Inflation is the term used when a price increases in the market.

These two terms together would best describe the higher demand.

Hope this helps, have a great day! ♥