Refer to Exhibit 3 11 Fill in blanks A and B respectively with Exchange or No

Refer to exhibit 3 11 fill in blanks a and b

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196. Refer to Exhibit 3-11. Fill in blanks (A) and (B) respectively with “Exchange” or “No Exchange” to indicate whether or not exchange would take place at the given prices. a. Exchange; Exchangeb. Exchange; No Exchangec. No Exchange; Exchanged. No Exchange; No ExchangeANSWER: a 197. Refer to Exhibit 3-11. Fill in blanks (C) and (D) respectively with “Exchange” or “No Exchange”to indicate whetheror not exchange would take place at the given prices. a 198. Refer to Exhibit 3-11. Fill in blanks (E) and (F) respectively with “Exchange” or “No Exchange”to indicate whether or not exchange would take place at the given prices. d Exhibit 3-12-----------------------------Quantity Supplied --------------------------------------PriceAlineBentleyCalvinDanielMarket$6202180(A)72223104(B)82425139(C)926271714(D)1028292220(E)1130313238(F)Assume that Aline, Bentley, Calvin, and Daniel are the only sellers in this market.199. Refer to Exhibit 3-12. Fill in blanks (A) and (B) respectively with the market quantity supplied at each given price.
b 200. Refer to Exhibit 3-12. Fill in blanks (C) and (D) respectively with the market quantity supplied at each given price. a. 17.75; 21.00b. 47; 52c. 50; 55d. 71; 84e. none of the aboveANSWER: d 201. Refer to Exhibit 3-12. Fill in blanks (E) and (F) respectively with the market quantity supplied at given each price. c 202. Refer to Exhibit 3-12. Each individual seller’s supply curve is ________________ sloping and the market supply curve is _________________ sloping. a Exhibit 3-13-----------------------------Quantity Demanded-------------------------------------PriceJoseKaitlynLeahMariaMarket$530112530(A)627102326(B)72392022(C)81981718(D)91471413(E)1046107(F)Assume that Jose, Kaitlyn, Leah, and Maria are the only buyers in this market.203. Refer to Exhibit 3-13. Fill in blanks (A) and (B) respectively with the market quantity demanded at each given price.
a 204. Refer to Exhibit 3-13. Fill in blanks (C) and (D) respectively with the market quantity demanded at each given price. a. 18.5; 15.5b. 74; 62c. 75; 64d. 50; 43e. none of the aboveANSWER: b 205. Refer to Exhibit 3-13. Fill in blanks (E) and (F) respectively with the market quantity demanded at each given price. d

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