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Author Question: FIGURE 3-4Refer to Figure 3-4. The market for 1-bedroom apartments in Collegetown will be in ... (Read 151 times)

acwiles

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Question 1




FIGURE 3-3

Refer to Figure 3-3. At a price of P1 there is excess ________ in the market for X and pressure for the price to ________.


◦ supply; fall
◦ demand; fall
◦ supply; rise
◦ demand; rise

Question 2




FIGURE 3-4

Refer to Figure 3-4. The market for 1-bedroom apartments in Collegetown will be in equilibrium at a price and quantity combination of


◦ $1000; 350 apartments.
◦ $800; 300 apartments.
◦ $600; 250 apartments.
◦ $1000; 300 apartments.
◦ $1400; 450 apartments.


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Marked as best answer by acwiles on Oct 12, 2022

Spike8502

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acwiles

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Reply 2 on: Oct 12, 2022
Wow, this really help


adammoses97

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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