Question
1. In the housing market prices often are inflexible downward. Show in a supply/demand diagram how this can lead to a surplus. 2. Given the
1. In the housing market prices often are inflexible downward. Show in a
supply/demand diagram how this can lead to a surplus.
2. Given the following reservation prices, what price will maximize the quantity sold?
Why?
Bids to buy $20 $20 $20 $25 $30 $30 $30 $30 $35 $35
Bids to sell $15 $15 $20 $20 $25 $25 $25 $30 $30 $30
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Business Ethics Ethical Decision Making & Cases
Authors: O. C. Ferrell, John Fraedrich, Linda Ferrell
8th Edition
1439042233, 978-1439042236
