Question
Suppose we have 6 buyers and 7 sellers in the market for horses: Maximum BuyingPricesMinimum Selling Prices B-1$133S-1:$112 B-2$121S-2:$115 B-3$120S-3:$116 B-4$113S-4:$121 B-5:$111S-5:$122 B-6:$110S-6:$125 S-7:$131 The
Suppose we have 6 buyers and 7 sellers in the market for horses:
Maximum BuyingPricesMinimum Selling Prices
B-1$133S-1:$112
B-2$121S-2:$115
B-3$120S-3:$116
B-4$113S-4:$121
B-5:$111S-5:$122
B-6:$110S-6:$125
S-7:$131
The limits of price formation are between what?
A.$93 and $97
B.$110 and $125
C.$133 and $112
D.$133 and $131
E.$120 and $116
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
