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Suppose we begin with 150 high-quality and 150 low-quality homes. In the next period: 10 new homes are built The filtering rate is 10% The

Suppose we begin with 150 high-quality and 150 low-quality homes. In the next period:

10 new homes are built

The filtering rate is 10%

The rate of retirement is 2%

What is the new quantity of high-quality homes in the next period?

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