Question: It is just announced that a subway will be built near your home in 5 years. This is good news because it will provide convenience

It is just announced that a subway will be built near your home in 5 years. This is good news because it will provide convenience for the neighborhood. If the housing market is efficient, do you expect the housing price in your neighborhood to rise a. Immediately b. In 5 years when the subway is built c. Sometime between now and 5 years

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