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Positively sloped in two-dimensional space

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When the price of two-bedroom condominiums was $200,000 there were 10,000 units sold. Several years later when the price was $325,000, although the condos were basically the same, there were 12,000 units sold. Does this mean that the demand for these condominiums slopes upward to the right (i.e., that it is positively sloped in two-dimensional space)? Explain throughly.

Reference no: EM131515718

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