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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

If more people want to move from California to Texas than want to move from Texas to California, might U-Haul rates reflect this difference? Explain your answer.

To determine

The difference in U-Haul rates across cities.

Explanation

Yes. The difference in the nature of people traveling between the cities would lead to a difference in the U-Haul rates. The demand for U-Haul in Texas is greater than the demand for U-Haul in California...

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