HW 1(section 15)

HW 1(section 15) - Experiment 1 Section 15 Problem 1.1...

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Experiment 1 Section: 15 Problem 1.1 Table 1.8 Session 1 Session 2 Mean Price \$20.10 \$27.54 Number of Transactions 12 13 Total Profit of All Sellers \$121.15 \$108.06 Total Profit of All Buyers \$138.85 \$161.94 Total Profit of All Traders \$260.00 \$270.00 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 20 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 14 P<\$20 21
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 PriceofApples 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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HW 1(section 15) - Experiment 1 Section 15 Problem 1.1...

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