Consider the market for apartments the market price of each, Business Economics

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Consider the market for apartments the market price of each

Consider the market for apartments. The market price of each apartment is $140,000, and each buyer demands no more than one apartment. Suppose that Darnell is the only consumer in the apartment market. His willingness to pay for an apartment is $245,000. Based on Darnell's willingness to pay, the following graph shows his demand curve for apartments.

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