Answered: If a person owns a house that is worth…

If a person owns a house that is worth 450,000 in city A, what would the same house cost in city E if they are moving there? (see attatched graph)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If a person owns a house that is worth 450,000 in city A, what would the same house cost in city E if they are moving there? (see attatched graph)

If a person owns a house that is worth $450,000 in City A, what would
the same house cost in City E if they are moving there?
City
City A
City B
City C
City D
City E
House Price Index
187.9
147.8
204.8
219.4
151.6
The cost of the house in City E would be $
(Simplify your answer. Round to the nearest thousand as needed.)

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