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    Economics Contemporary Issues
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    Exam 2: An Introduction to Economic Systems and the Workings of the Price System
  5. Question
    Use the Following Diagram to Answer the Following Questions
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Use the Following Diagram to Answer the Following Questions

Question 1

Question 1

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions.    -Refer to Unit. If the price of housing is currently $90,000, the quantity of housing demanded will be: A)  10,000 units. B)  20,000 units. C)  30,000 units. D)  cannot be determined without further information.
-Refer to Unit. If the price of housing is currently $90,000, the quantity of housing demanded will be:


A) 10,000 units.
B) 20,000 units.
C) 30,000 units.
D) cannot be determined without further information.

Correct Answer:

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