# How many sellers will be willing to sell at a price of \$10?

SAMPLE QUESTION 1

This problem takes you through the results of an experiment like yours, in which students are buying and selling used textbooks. In the first variation of the experiment, the buyers paid a tax of \$4.

Here are the values for the willingness to pay for buyers and reservation price for sellers.

 Buyer Buyer Value Seller Seller Cost 1 \$16.00 1 \$4.00 2 \$15.50 2 \$4.50 3 \$15.00 3 \$5.00 4 \$14.00 4 \$6.00 5 \$13.50 5 \$6.50 6 \$13.00 6 \$7.00 7 \$12.50 7 \$7.50 8 \$12.00 8 \$8.00 9 \$11.00 9 \$9.00 10 \$10.50 10 \$9.50 11 \$10.00 11 \$10.00 12 \$9.50 12 \$10.50
 Please enter a whole number, with no decimal point.

SAMPLE QUESTION 2

This problem takes you through the results of an experiment like yours, in which students are buying and selling used textbooks. In the first variation of the experiment, the buyers paid a tax of \$4.

Here are the values for the willingness to pay for buyers and reservation price for sellers.

 Buyer Buyer Value Seller Seller Cost 1 \$16.00 1 \$4.00 2 \$15.50 2 \$4.50 3 \$15.00 3 \$5.00 4 \$14.00 4 \$6.00 5 \$13.50 5 \$6.50 6 \$13.00 6 \$7.00 7 \$12.50 7 \$7.50 8 \$12.00 8 \$8.00 9 \$11.00 9 \$9.00 10 \$10.50 10 \$9.50 11 \$10.00 11 \$10.00 12 \$9.50 12 \$10.50
1.2. How many sellers will be willing to sell at a price of \$10? That is, how many sellers have a seller cost that is less than or equal to \$10?
 Please enter a whole number, with no decimal point.

SAMPLE QUESTION 3

This problem takes you through the results of an experiment like yours, in which students are buying and selling used textbooks. In the first variation of the experiment, the buyers paid a tax of \$4.

Here are the values for the willingness to pay for buyers and reservation price for sellers.

 Buyer Buyer Value Seller Seller Cost 1 \$16.00 1 \$4.00 2 \$15.50 2 \$4.50 3 \$15.00 3 \$5.00 4 \$14.00 4 \$6.00 5 \$13.50 5 \$6.50 6 \$13.00 6 \$7.00 7 \$12.50 7 \$7.50 8 \$12.00 8 \$8.00 9 \$11.00 9 \$9.00 10 \$10.50 10 \$9.50 11 \$10.00 11 \$10.00 12 \$9.50 12 \$10.50
1.3. In the previous two questions, you learned that when buyers pay the \$4 tax and the price is \$10, there are more sellers than buyers. To clear this market, the equilibrium price will have to be:
 A.  Equal to \$10 B.  Less than \$10 C.  More than \$10

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