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marin [14]
3 years ago
8

You run a small classroom market experiment with only three buyers and three sellers. The willingness to pay​ (reservation value

) for buyer A is​ $7 for each​ unit; for buyer​ B, it is​ $5 for each​ unit; and for buyer​ C, it is​ $3 for each unit. The willingness to accept​ (reservation value) for seller X is​ $2 for each​ unit; for seller​ Y, it is​ $4 for each​ unit; and for seller​ Z, it is​ $6 for each unit. ​1.) Using the multipoint curve drawing tool​, draw the demand curve for this market. Label the curve appropriately. ​2.) Using the multipoint curve drawing tool​, draw the supply curve for this market. Label the curve appropriately. ​(Hit the​ "Esc" key after you have plotted your last point to exit the drawing​ tool) Carefully follow the instructions​ above, and only draw the required objects.

Business
1 answer:
BabaBlast [244]3 years ago
7 0

Answer:

Please see attachment .

Explanation:

Please see attachment .Please note that the sketch for supply and demand curves  are staircase shaped.

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