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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
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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