According to the law of supply and demand, which of the three identical homes in a consistent demand area would likely sell for the lowest price?

In the context of the law of supply and demand, the price at which a home sells is influenced by various factors, including how it is marketed and its attributes compared to similar homes. The choice that correctly identifies the home likely to sell for the lowest price is the one that has fewer amenities.

When assessing comparable homes in a consistent demand area, attributes like amenities can significantly affect buyer interest and perceived value. A home with fewer amenities typically offers less appeal to buyers, which may result in a lower selling price. Buyers often compare features such as the number of bedrooms, bathrooms, and other desirable elements; thus, a home lacking in these could struggle in a competitive market.

The listing time can also impact the perception of value, but this is often more relevant to homes that have been on the market for an extended period and may be seen as less desirable. While advertising at a lower price can attract more interest, it is generally not the primary factor driving a lower sale price for an otherwise comparable home.

Therefore, in a market where demand is consistent, the home with fewer amenities would likely attract lower offers due to its reduced desirability compared to similar properties with more features.