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pter 3 Question 6, Concept Question 3.2.5 HW Score: 28.57%, 4 of 14 points O Points: 0 of 1 Save A company mines 390,000 tons

pter 3 Question 6, Concept Question 3.2.5 HW Score: 28.57%, 4 of 14 points O Points: 0 of 1 Save A company mines 390,000 tons of coal per year in a rural county. The coal is worth $77 per ton. The average price for a 2,000-square-foot house with three bedrooms more than 20 km away from the mining site in this county is $240,000. The average price for a similar, 2,000- square-foot house with three bedrooms within 4 km of the mine is 2 percent lower. Using comparative statics, what is the effect of mining on home prices in this county? Mining changes the price of a 2,000-square-foot home (with three bedrooms) by $ (Round your response to two decimal places and use a negative sign if necessary.)

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