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Corner offices in high -rise buildings usually cost more to rent than other offices? |
what economic principle does this best illustrate b. This is a simple supply and demand issue. There are fewer corner offices than 'non-corner' offices (a scarce resource) and corner offices are more desirable because of more windows/views. Therefore, the demand is greater and the supply is less than for 'regular' offices. Consequently, the cost will be greater. b) there is less corner office area in a building and people are willing to pay more for a view. |
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