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Mathematics, 15.04.2020 00:42 Mathmatician22
Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14,$13,$12,$11,$10,$9,$8,$7,$6,$5 ,$4,}.Assume no transaction costs and a competitive market, what is the equilibrium price in this market?
A)7
B)8
C)9
D)10
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Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with val...
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