quiz probGuid MCPLCOA801010000003b2a38500500008ctx-jean-marc.gandonou-0034 Discu
ID: 1124150 • Letter: Q
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quiz probGuid MCPLCOA801010000003b2a38500500008ctx-jean-marc.gandonou-0034 Discussion Course Materia Extra Credit Analyzing Equilibrium Price and Quantity Graded Assignment Due Tuesday 12.12.17 at 11:15 P Eleven of your friends are about to take a course, and each one is interested in buying one used textbook. Another 11 of your triends 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 to figure out how to arrange all the trades. Because you have taken an economics course, you sort the buyer values in decreasing order so you can plot a demand curve and you sort the seller costs in increasing order so you can plot a supply curve. Buyer Buyer Value Seller Seller Cost Charles Anand Sam Mica Todd Mark Peter $22 120 $10 $16 $24 $12 $10 $8 $6 14 $4 $6 $8 $10 $12 $14 116 $18 $20 $22 $24 Cheryl Lucy Mary Saul Rajeev Amy Jordan Joe 1.2. At a price of $17, how many sellers would want to sell a book? 0B.6Explanation / Answer
1.2
E option
7 is the answer
because till that point cost is less than price.
the above is the answer
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