Question

Look at the graph, and then answer the question.

How high did median home prices rise between 1998 and the peak in 2007?

$50,000

$100,000

$200,000
A line graph with years on the x axis and dollar amounts on the y axis. Line labeled Median starts at 140,000 in 1996, increasing to 250,000 in 2007, decreasing to 220,000 in 2009. Line labeled Average starts at 160,000 in 1996, increasing to 320,000 in 2007, decreasing to 270,000 in 2009.

Answer 1

$100,000

Median homes were about $150,000 in 1998 and rose to $250,000 at the 2007 peak, an increase of $100,000.