Personalizec Re Discussion Course Materials Extra Credit Analyzing Equilibrium P

Question

Personalizec Re Discussion Course Materials Extra Credit Analyzing Equilibrium Price and Quantity Graded Assignment Due Tuesday 12.12.17 at 11:15 PM a course, and each one is interested in buying one used textbook. Another 11 of your friends have already taken the course and are willing to consider selling their books Suppose that each friend tells you his or her buyer value or seller cost. They ask you have taken an economics course, you sort the buyer values seller costs in increasing order so you can plot a supply curve. you to figure out how to arrange all the trades. Because in decreasing order so you can plot a demand curve and you sort the Buyer Buyer Value $24 $22 Seller Seller Cost Stuart 84 $6 Sam Cheryl $18 16 14 $12 $10 $10 112 $14 $16 $18 Todd Christne Rajeev Jessica s6 $4 2 $24 1.6 Suppose that peopte who are inditfferent about trading do. in fact, go ahead and trade Under this convention what is the prediction from the supply and demand model about the number of books that should change hands at the equiliriu price? O D. 0 Backspar 5 6 8 9 0

Explanation / Answer

6 is the answer

as at that level cost is equal to the price

the above is the answer

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