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1)
-2008 and 2009, the equilibrium price of pianos remained quantity of pianos decreased. From this, you can conclude that between 2008 and 2009, the supply of pianos
2)
of each is $595,000. The following table states each persons
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six Assume that the parcels are essentially identical and that the minimum seling price of each is $595,000. The following table states each willingness and ability to purchase a parcel. people who would each like to purchase one parcel. persons (Dollars) 750,000 Dmitri 620,000 570,000 540,000 530,000 Jake Ca Dmitri O Frances O Jake no one Latasha d to the people that you indicated in the previous section. Suppose that a few days after the last of ly identical beachfront parcel becomes available for sale at a minimum price of $582,500. This fourth Assume that the three beachfront pa be sold, because will purchase it from the seller for at least the minimum price. parcel
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