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Between 1988 and 1989, the Price of Retail Space in Ginza

question 92

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Between 1988 and 1989, the price of retail space in Ginza, Tokyo's premier commercial and entertainment center, rose from $400 to $625 per square foot.This was the result of an increase in demand in the face of a perfectly inelastic supply curve for retail space.Economists call this


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The act of influencing or controlling someone's behavior or emotions for one's own purposes, often without their knowledge.

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A state in which individuals have the ability to act or make decisions without any limitations or constraints imposed by others or by laws.

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The land and buildings belonging to a college or university where academic and administrative facilities are located.

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