Figure 3-21



Refer to . At the quantity Q2,

a.

the value to buyers and the cost to sellers are both P2.

b.

the value to buyers is P2 and the cost to sellers is P3.

c.

the value to buyers and the cost to sellers are both P3.

d.

the value to buyers is P3 and the cost to sellers is P2.


b

Economics

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