Business, 06.02.2022 07:20 dayi80

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.)

Assume the figure to the right illustrates the market for houses for sale in a small city.

Suppos

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Assume the figure to the right illustrates the market for houses for sale in a small city. Suppose...