# SellerUnitCostsValuesUnitBuyer1st2nd2nd1st103121130149117107145119113141115123125137127131109133135138105129135111123 4561234 56

Question
Asked Dec 8, 2019
45 views

Construct from the info below. A diagram of market demand and supple schedules, and the competitive equilibrium price interval.

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Step 1

Since we are given the costs of different units by different sellers and prices for different buyers for different units, we first have to arrange the values in an increasing order to get a diagram for demand and supply and also to get the competitive equilibrium interval. Arranging the units in an increasing order gives the following table:

Step 2

Depicting these figures in the diagram gives us the following deman...

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