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Assume the figure to the right illustrates the market for houses for sale in a small city.
Suppose the market price of houses is $200,000. How large will the resulting surplus be?
At a price of $200,000, there will be ______ surplus houses. (Enter your response as a whole number.)
What is the equilibrium price of houses?
The equilibrium price is $____. (Enter your response as a whole number.)
