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Consider the market for loft houses. The market price of each loft house is $320,000, and each consumer demands no more than one loft house.

Consider the market for loft houses. The market price of each loft house is $320,000, and each consumer demands no more than one loft house. Suppose that Hubert is the only consumer in the loft house market. Their willingness to pay for a loft house is $560,000. Based on Hubert's willingness to pay, the following graph shows his demand curve for loft houses

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