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c) Assuming Peter can easily buy and sell houses, will Peter now buy a different house? If so, is Peter's new house smaller or larger

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c) Assuming Peter can easily buy and sell houses, will Peter now buy a different house? If so, is Peter's new house smaller or larger than his initial house? d) How does Peter's answer to c) change if the price of housing went up to $250 per square foot rather than down to $156.25

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