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16. How prices allocate resources Suppose that there are three plots of mountain resort land available for sale in Niseko and six potential buryers, each

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16. How prices allocate resources Suppose that there are three plots of mountain resort land available for sale in Niseko and six potential buryers, each interested in purchasing one plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $570,000. The following table lists each potential buyer's willingness and ability to purchase a plot of land. Which of these people will purchase one of the three mountain resort plots? Check aIl that apply. Alyssa Jake Latasha Nick. Rosa Tim Now, assume that the three mountain plots have been sold to the people that you indicated in the previous section. Suppose that a few weeks after the last of those mountain plots is sold, another basically identical mountain plot goes on the market for sale at a minimum price of $560,000. This fourth plot. be sold, because will purchase it from the seller for at least the minimum price

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