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16. How prices allocate resources 2 ... Suppose that there are three beachfront parcels of land available for sale in Astoria and six people who would each like to purchase one parcel. Tools Assume that the parcels are essentially identical and that the minimum selling price of each is $570,000. The following table states each person's willingness and ability to purchase a parcel. Tips Willingness and Ability to Purchase Person (Dollars) Tips Alex 700,000 Becky 630,000 Clancy 590,000 Eileen 550,000 Hubert 510,000 Kate 500,000 Which of these people will buy one of the three beachfront parcels? Check all that apply. Alex Becky Clancy Eileen Hubert Kate