hwk1sec4

# hwk1sec4 - Experiment 1 Section 4 Problem 1.1 Table 1.8...

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Experiment 1 Section: 4 Problem 1.1 Table 1.8 Session 1 Session 2 Mean Price \$20.36 \$27.73 Number of Transactions 14 15 Total Profit of All Sellers \$145.00 \$126.02 Total Profit of All Buyers \$155.00 \$163.98 Total Profit of All Traders \$300.00 \$290.00 Problem 1.2 Figure 1.5 \$0 \$5 \$10 \$15 \$20 \$25 \$30 \$35 \$40 135791 11 31 51 71

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Problem 1.3 Table 1.9: Supply Table: Session 1 Price Range Amount Supplied P<\$10 0 \$10<P<\$30 16 P>\$30 24 Table 1.10: Demand Table: Session 1 Price Range Amound Demanded P>\$40 0 \$20<P<\$40 9 P<\$20 27 Table 1.11: Supply Table: Session 2 Price Range Amount Supplied P<\$10 0 \$10<P<\$30 9 P>\$30 26 Table 1.12: Demand Table: Session 2 Price Range Amound Demanded P>\$40 0 \$20<P<\$40 17 P<\$20 25
Problem 1.4 Figure 1.6: Supply and Demand for Apples, Session 1 Problem 1.5 Figure 1.7: Supply and Demand for Apples, Session 2. \$0 \$5 \$10 \$15 \$20 \$25 \$30 \$35 \$40 \$45 0 5 10 15 20 25 30 35 40 Bushels of Apples Price of Apples CE \$0 \$5 \$10 \$15 \$20 \$25 \$30 \$35 \$40 \$45 0 5 10 15 20 25 30 35 40 Bushels of Apples CE

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Problem 1.6
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hwk1sec4 - Experiment 1 Section 4 Problem 1.1 Table 1.8...

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