Question: Practical Application: Youre moving into a new house one week from today. Checking the local newspaper and the phone book, you fi nd 10 movers.

Practical Application: You’re moving into a new house one week from today. Checking the local newspaper and the phone book, you fi nd 10 movers. Each one of them gives you a quote at least $1,000 more than you think you should pay. Explain what you will do in terms of demand and supply.

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