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Real Estate Company Century 21 wants to sell more houses in 2017. The market research shows that during 20142015 , the average 2 bedroom house

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Real Estate Company Century 21 wants to sell more houses in 2017. The market research shows that during 20142015 , the average 2 bedroom house price in Long Island was 250,000 , and 1000 houses were sold; during 2015 . 2016 , the average 2 bedroom house price in Long Island was 220,000 , and 1100 houses were sold. Is it for Century 21 to drop the house prices to a lower level in 2017 ? (please answer ONLY on the basis of price elasticity theory) A) Breaking even B) Beneficial C) Non beneficial D) None of the answers E) Indifferent

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