Suppose that we observe two comparable properties that have each sold twice within the past two years. Property A sold 24 months ago for $350,000 and Property B sold 18 months ago for $325,000. If the two properties were sold today at $375,000 and $340,000, respectively, estimate the change in market conditions (percentage change in price) per month, assuming we equally weight the two properties in our analysis.

0.28 %

Explanation:

Property A:

Percentage change in prices= (New price – old price)/Old price

= (375000 – 350000)/350000

=.0714= 7.14%

Monthly percentage= 7.14/24= .2975%

Property B:

Percentage change in prices= (New price – old price)/Old price

= (340000 – 325000)/325000

= .0461= 4.61%

Monthly percentage= 4.61/18= .256%

As they have equal weightage= (.256 + .2975)/ 2

= .2767= .28%

d. to get countries or companies to stop doing something objectionable.

answer; no individual buyer or seller has any significant impact on the market price;