The above information contains supply and demand data for luxurious apartments in a downtown waterfront area.
-Refer to the above information to answer this question.If two potential buyers decide to leave this market,what are the new equilibrium values of price and quantity?
A)$2.0 million and 10.
B)$1.8 million and 12.
C)$1.6 million and 14.
D)$1.4 million and 16.
E)$1.2 million and 18.

Question

The above information contains supply and demand data for luxurious apartments in a downtown waterfront area.
-Refer to the above information to answer this question.If two potential buyers decide to leave this market,what are the new equilibrium values of price and quantity?
A)$2.0 million and 10. 
B)$1.8 million and 12. 
C)$1.6 million and 14. 
D)$1.4 million and 16. 
E)$1.2 million and 18.

Quizplus · Accepted Answer

The Answer of  The above information contains supply and demand data for luxurious apartments in a downtown waterfront area.
-Refer to the above information to answer this question.If two potential buyers decide to leave this market,what are the new equilibrium values of price and quantity?
A)$2.0 million and 10. 
B)$1.8 million and 12. 
C)$1.6 million and 14. 
D)$1.4 million and 16. 
E)$1.2 million and 18.

The Above Information Contains Supply and Demand Data for Luxurious