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salonijainnn salonijainnn
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A year ago


Short description: A graph plots quantity of 1-bedroom apartments against the price of 1-bedroom apartments in dollars. Long description: The horizontal axis representing the quantity of 1-bedroom apartments ranges from 100 to 500, in increments of 50. The vertical axis representing the price of 1-bedroom apartments (dollars) ranges from 200 to 1400, in increments of 200. The graph shows two lines. A decreasing line, D passes through the following points: (150, 1400), (200, 1200), (250, 1000), (300, 800), (350, 600), (400, 400), and (450, 200). An increasing line, S passes through the following points: (150, 200), (200, 400), (250, 600), (300, 800), (350, 1000), (400, 1200), and (450, 1400).

FIGURE 3-4

Refer to Figure 3-4. The market for 1-bedroom apartments in Collegetown will be in equilibrium at a price and quantity combination of



▸ $1000; 350 apartments.

▸ $800; 300 apartments.

▸ $600; 250 apartments.

▸ $1000; 300 apartments.

▸ $1400; 450 apartments.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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chanelfargesenchanelfargesen
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salonijainnn Author
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A year ago
Helped a lot
homework1
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
sadiewolf
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Thanks
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