Homework1-Section 12_xls

# Homework1-Section 12_xls - Experiment 1 Section 12 Problem...

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Experiment 1 Section: 12 Problem 1.1 Table 1.8 Session 1 Session 2 Mean Price \$21.47 \$27.60 Number of Transactions 15 15 Total Profit of All Sellers \$131.99 \$104.00 Total Profit of All Buyers \$118.01 \$146.00 Total Profit of All Traders \$250.00 \$250.00 Problem 1.2 Figure 1.5 \$0 \$5 \$10 \$15 \$20 \$25 \$30 \$35 \$40 1 3 5 7 9 11 13 15 17 19 21 23 25

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Problem 1.3 Table 1.9: Supply Table: Session 1 Price Range Amount Supplied P<\$10 0 \$10<P<\$30 13 P>\$30 19 Table 1.10: Demand Table: Session 1 Price Range Amound Demanded P>\$40 0 \$20<P<\$40 7 P<\$20 21 Table 1.11: Supply Table: Session 2 Price Range Amount Supplied P<\$10 0 \$10<P<\$30 7 P>\$30 20 Table 1.12: Demand Table: Session 2 Price Range Amound Demanded P>\$40 0 \$20<P<\$40 13 P<\$20 20
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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## This note was uploaded on 12/25/2011 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

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Homework1-Section 12_xls - Experiment 1 Section 12 Problem...

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