Consider the Smith family who have the following demand for rental housing (q, measured in square feet):

q = 0.5*(y/p),

where y is the Smith family income and p is the price of housing per square foot. The Smith’s income is $2000 per month and initially the price of housing is $2 per square foot.

If the Smiths are operating on their demand curve, how much housing are they consuming?

500 square units

Explanation:

q = 0.5*(y/p)

y = $2000

p = $2/square unit

q = 0.5*(2000/2)

= 500 square units

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number