How large will the resulting surplus be

Reference no: EM132198851

Question: Assume the figure to the right illustrates the market for houses for sale in a small city. Suppose the market price of houses is $200,000. How large will the resulting surplus be?

At a price of $200,000, there will be _______ surplus houses. (Enter your response as a whole number.)

What is the equilibrium price of houses?

The equilibrium price is $ _________. (Enter your response as a whole number.)

Reference no: EM132198851

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