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Person A has a demand curve Da = 8 - P while person B has demand curve Db = 13 - P for some good.
Person A has a demand curve Da = 8 - P while person B has demand curve Db = 13 - P for some good. Person A owns 7 units, while person B only owns 4.
(A) What is the equilibrium price at which trade takes place (calculate and show on a graph)?
(B) Who's is a net seller, who is a net buy, and by how much?
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