Find the equilibrium price and quantity in market, Corporate Finance

The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $30, $29, $20, $16, and $12. Five buyers are willing to buy one widget at the following prices: $10, $12, $20, $24, and $29. What is the equilibrium price and quantity in this market?

 

Posted Date: 3/13/2013 7:06:14 AM | Location : United States







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