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eleven of your friends are about to take a course...

Question: eleven of your friends are about to take a course...

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Eleven of your friends are about to take a course, and each one is interested in buying one used textbook Another ll U you have already taken the course and are willing to consider selling their books. Suppose that each friend tells you his or her buyer value or seller cost. They ask you to figure out how to arrange all the trades. Because you have taken an economics course, you sort the buyer values in decreasing order so you can plot a demand curve and you sort the seller costs in increasing order so you can plot a supply curve. Buyer Buyer Value Seller Seller Cost 54 $6 Charles Anand Sam Mica Todd Mark Peter Sven Amy Jordan Kerri Stuart Loela Chery Lucy $24 20 18 $16 $14 12 $10 8 56 $10 Christine$12 $14 $16 $18 $20 122 Mary Saul Rajeev Ramin 1.6. Suppose that people who are indifferent about trading do, in fact, go ahead and trade. Under this convention, what is the prediction from the supply and demand model about the number of books that should change hands at the equilibrium OB. S O D. 0 Continue without saving

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