Business, 29.02.2020 02:03 orlando19882000

Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40 for the 500th unit, and the cost to the marginal seller is $35 for the 500th unit. We know that:.a. the equilibrium price of good X is somewhere between $35 and $40.b. the equilibrium quantity of good X exceeds 500 units. c. 500 units is not an efficient quantity of good X. d. all of the above are correct.

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Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40...

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