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« Previous · Main · Next » Beverly Hills - WeezerJEL: a d rWhere I come from isn't all that great Click to ListenAssignment:Beverly Hills, and other affluent communities, are examples of rich enclaves (Forbes, 2005) with markedly higher property values than surrounding areas. What explains why some areas are affluent and other areas nearby are not as well to do? Use substitution and income effects to explain your answer.
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