8. Let (inverse) demand be Pb = 107 - 7 Qb and (inverse) supply be Pv = 24 + 3 Qv. What are the gains from trading the first unit purchased? Answer: your answer Price ($) $120 $100 $80 $60 $40 $20 $0 0 99 2 4 Submit Demand 6 Supply 8 Quantity 10 Eqm 12 14 16

8. Let (inverse) demand be Pb = 107 - 7 Qb and (inverse) supply be Pv = 24 + 3 Qv. What are the gains from trading the first unit purchased? Answer: your answer Price ($) $120 $100 $80 $60 $40 $20 $0 0 99 2 4 Submit Demand 6 Supply 8 Quantity 10 Eqm 12 14 16

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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7
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