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eduard
3 years ago
12

Consider the Smith family who have the following demand for rental housing (q, measured in square feet):

Business
1 answer:
Arisa [49]3 years ago
5 0

Answer: 500 square units

Explanation:

q = 0.5*(y/p)

y = $2000

p = $2/square unit

q = 0.5*(2000/2)

= 500 square units

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