Principal of macroeconomic

Part 1 of 4 O Points: 0 of 1 Buyers' willingness to pay (WTP in descending order) and sellers' costs (in ascending order) are given in the table below WTP, Costs, Price and shown in the diagram to the right. Transaction values between each pair of buyers and sellers (buyer #1 & seller #1, 22 buyer #2 & seller #2, ...) are included in the last column. Buyer # 20- WTPD Seller # Costs Transaction 20.00 18- 2.00 15.50 18.75 2.75 16- (1) Costs 8.03 18.00 4.00 9.60 14- (4) 17.00 6.00 13.37 15.75 7.50 12-- (5) (0) (7) BO O V Q UA WN- 11.21 13.25 DO NO UI A 8.25 11.25 10- (3) 12.25 10.50 11.46 (2) WTP 12.00 8- 12.00 12.00 11.00 12.50 10.00 10 16.00 Complete the following table for buyer and seller #1 2- At a At the transaction equilibrium 9 10 11 12 price of price of Quantity $15.50 $12.00 What is buyer #1's gain? What is seller #1's gain? Total Gain (buyer + seller)