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Consider the Demand and Supply Schedules Above for a Limited

Question 18

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Consider the demand and supply schedules above for a limited number of hotels in the downtown business district area of a particular city. -Refer to the above information to answer this question.If two new buyers enter this market,what are the new equilibrium values of price and quantity? A) $60 million and 6. B) $70 million and 6. C) $60 million and 8. D) $80 million and 8. E) $70 million and 7. Consider the demand and supply schedules above for a limited number of hotels in the downtown business district area of a particular city.
-Refer to the above information to answer this question.If two new buyers enter this market,what are the new equilibrium values of price and quantity?


A) $60 million and 6.
B) $70 million and 6.
C) $60 million and 8.
D) $80 million and 8.
E) $70 million and 7.

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