How prices allocate resources
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Suppose that there are three plots of mountain resort land available for sale in Breckenridge and six potential buyers, each interested in purchasing one plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $445,000. The following table lists each potential buyer's willingness and ability to purchase a plot of land. Willingness and Ability to Purchase
Dollars)
600,000
510,000
470,000
420.000
390,000
380,000
Which of these people will purchase one of the three mountain resort plots? Check all that apply.
• Edison
• Hilary
D Kevin
• Maria
• Rajiv
• simone
