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The Above Information Contains Supply and Demand Data for Luxurious

Question 53

Multiple Choice

The above information contains supply and demand data for luxurious apartments in a downtown waterfront area. -Refer to the above information to answer this question.If two potential buyers decide to leave this market,what are the new equilibrium values of price and quantity? A) $2.0 million and 10. B) $1.8 million and 12. C) $1.6 million and 14. D) $1.4 million and 16. E) $1.2 million and 18. The above information contains supply and demand data for luxurious apartments in a downtown waterfront area.
-Refer to the above information to answer this question.If two potential buyers decide to leave this market,what are the new equilibrium values of price and quantity?


A) $2.0 million and 10.
B) $1.8 million and 12.
C) $1.6 million and 14.
D) $1.4 million and 16.
E) $1.2 million and 18.

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