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a real estate developer is selling homes in five styles with prices of 199000, 229000, 250000, 289000, and 349000 with sales slowing down the developer
a real estate developer is selling homes in five styles with prices of 199000, 229000, 250000, 289000, and 349000 with sales slowing down the developer decides to lower all prices by 5% which of the following statements is correct? the median price does not change following the price drop. the range of prices decrease by 7500. the median price decreases by 5000. the mean price decreases by 12500
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
