Author Question: According to the indifference principle, housing prices a. tend to converge over time b. tend to ... (Read 225 times)

Metfan725

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According to the indifference principle, housing prices
 a. tend to converge over time
 b. tend to leave individuals indifferent about where they live
 c. only tend to be different to compensate individuals for differences in living conditions
  d. only B&C

Question 2

If the bidders at a second-price auction have true values of 8, 7, 6, and 5, the item will sell for
 a. 8
 b. 7
 c. just over 7
 d. just under 7



dyrone

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Answer to Question 1

d

Answer to Question 2

b



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