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.What are the equilibrium values of price and quantity?
A) $1.2 million and 18.
B) $1.4 million and 18.
C) $1.6 million and 18.
D) $1.8 million and 18.
E) $2.0 million and 18.
Correct Answer:

Verified
Correct Answer:
Verified
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