In the long run, if housing prices are higher in San Diego, California, versus N

Question

In the long run, if housing prices are higher in San Diego, California, versus Nashville, Tennessee, then

individuals would move to Nashville

individuals would move San Diego

there would be no movement across the two cities, since the difference in prices is pure compensation for difference in living conditions

Both B&C

individuals would move to Nashville

individuals would move San Diego

there would be no movement across the two cities, since the difference in prices is pure compensation for difference in living conditions

Both B&C

Explanation / Answer

Answer :- c. there would be no movement across the two cities, since the difference in prices is pure compensation for difference in living conditions.

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