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Unformatted text preview: (BTW, for graphs, you want to use an EXCEL spreadsheet, put Q on x-axis, and graph every integer of Q. You also want to show your work in great detail.) 3) (30 points) Five buyers in the widget market, have demand prices for widgets as shown below: Buyer Widget 1 Widget 2 Widget 3 1 98 90 78 2 113 100 70 3 90 85 80 4 105 97 83 5 150 100 70 How much wealth do these buyers gain in this market as the price of widgets ranges from 75 to 125? Please draw a nice graph showing this. (Same rules as above. Lots of paper for this one. BTW, it helps to understand the @MAX command in EXCEL for this question.)...
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This note was uploaded on 09/09/2009 for the course ENNEC 100 taught by Professor Blumsack,sethada during the Spring '08 term at Pennsylvania State University, University Park.
- Spring '08