Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $595,000. The following table states each person's willingness and ability to purchase a parcel. Person Willingness and Ability to Purchase
(Dollars)
Ana 530,000
Kevin750,000
Maria660,000
Rajiv620,000
Simone570,000
Yakov540,000
Which of these people will buy one of the three beachfront parcels? Check all that apply.

Ana
Kevin
Maria
Rajiv
Simone
Yakov
Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few days after the last of those beachfront parcels is sold, another essentially identical beachfront parcel becomes available for sale at a minimum price of $582,500. This fourth parcelwill not be sold, because will purchase it from the seller for at least the minimum price.