What if there were apartments to rent

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Reference no: EM1356280

Suppose that there were 25 people, who had a reservation price of $500, and the 26th person had a reservation price of $200. what would the equilibrium price be if there were 24 apartments to rent? What if there were 26 apartments to rent? What if there were 25 apartments to rent?

Reference no: EM1356280

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