6. What will be the market clearing price if the following reservation prices exist for a

particular used textbook? Please show your work, including a supply/demand diagram)

And, what will be needed for the market clearing price to occur?

Bids to buy $10 $10 $13 $14 $14 $16 $16 $16 $20

Bids to sell $9 $9 $9 $13 $13 $14 $16 $16 $17