Re: ISI PEB (Economics), 2014 ANSWERS 1 TO 5..

Posted by dhruv on Apr 12, 2015; 4:41pm
URL: http://discussion-forum.276.s1.nabble.com/ISI-PEB-Economics-2014-ANSWERS-1-TO-5-tp7595987p7596142.html

For 3(b), take utilities from chicken for each person to be their reservation price. If you will draw the curve, you will eq. price to be between 4 and 5. Thus, we will not have a unique solution. Actually, at that price suppliers equals to demand, i.e, 6,7,8 will supply and 1,2,3 will demand.



Also, have anybody solved 10?