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Suppose there are 6 buyers and 6 sellers in the used textbook market. Each buyer only wants to purchase one table below. book and each

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Suppose there are 6 buyers and 6 sellers in the used textbook market. Each buyer only wants to purchase one table below. book and each seller only has one book to sell. The buyer value and seller costs of each participant is given in the Buyer Value Seller Cost $40 $40 $70 $50 $59 $59 $50 $47 $43 $43 $63 $63 1. What is the market equilibrium price and at what price will there be a shortage of 3 textbooks? The market equilibrium price is and there will be a shortage of 3 textbooks at a price of A) $63; $59 B) $59; $50 C) $50; $43 D) None of the above

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