Graph 7-5 -In Graph 7-5, for the quantity Q₃,willingness to buy: A) and willingness to sell are both P₂ B) is P₁ and willingness to sell is P₃ C) and willingness to sell are both P₃ D) is P₃ and willingness to sell is P₂

Question

Quizplus · Accepted Answer

The graph shows that the quantity QS1U1B13S1U1B0 is the quantity at which the willingness to buy and willingness to sell intersect. For QS1U1B13S1U1B0, the willingness to buy is PS1U1B13 and the willingness to sell is PS1U1B12. Therefore, choice D is correct.

Graph 7-5 -In Graph 7-5, for the Quantity Q3, willingness to Buy

Graph 7-5 -In Graph 7-5, for the Quantity Q₃,willingness to Buy