Participant Price Demand side Al Betsy Casey Daisy Eddie Participant Price Supply side Firm A Firm B Firm C Firm D Firm E Market quantity demanded Market quantity supplied Quantity Demanded (per Week) $5 $4 $3 $2 $1 11222 2 2 ΝωΝΝΝ 2 6 2 3 2 37664 35453 34343 4 3 32342 $5 Quantity Supplied (per Week) $5 $4 $3 $2 $1 8 26 $4 42343 11 20 3 34333 Price $3 53465 14 17 32LO2 1 0 $2 16 16 $1 23 8

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Participant
Price
Demand side
Al
Betsy
Casey
Daisy
Eddie
Participant
Price
Supply side
Firm A
Firm B
Firm C
Firm D
Firm E
Market quantity demanded
Market quantity supplied
Quantity Demanded (per Week)
$3
$5
$2
$1
1
2222T
1
376
7
6
$4
40
ΝωΝΝΝ
Quantity Supplied (per Week)
$5
$4 $3 $2
$1
32342
35453
34343
$5
8
26
$4
42343
53465
11
20
4 6
34333
3
5
Price
$3
32LON
1
3 0
$2
14E 16
17
16
$1
23
8
Transcribed Image Text:Participant Price Demand side Al Betsy Casey Daisy Eddie Participant Price Supply side Firm A Firm B Firm C Firm D Firm E Market quantity demanded Market quantity supplied Quantity Demanded (per Week) $3 $5 $2 $1 1 2222T 1 376 7 6 $4 40 ΝωΝΝΝ Quantity Supplied (per Week) $5 $4 $3 $2 $1 32342 35453 34343 $5 8 26 $4 42343 53465 11 20 4 6 34333 3 5 Price $3 32LON 1 3 0 $2 14E 16 17 16 $1 23 8
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