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Here are the steps to solve this market equilibrium problem: 1. Graph the demand of Buyer A: Quantity: 0 1 2 3 4 5 Price: 0 50 100 100 - - 2. Compute the supply of Seller C: Quantity: 0 1 2 3 4 Price: 0 20 20 20 60 3. To find the equilibrium price, set supply equal to demand and solve for price. Where the supply and demand curves intersect is the equilibrium. Supply: Quantity 3, Price 20 Demand: Quantity 3, Price 100 Equilibrium price = 20 4. If all valuations go down by 30: Buyer A: Quantity: 0

Author

Priyanka Nemade

Language

EN