Which buyers ended up with surplus at market-clearing price


Problem

Case Study: Experimental Economics

In Professor Vernon Smith's experiment, which "buyers" ended up with a surplus at the market-clearing price of $2? Which "sellers" had a surplus? Which "buyers" or "sellers" did not engage in transactions?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Which buyers ended up with surplus at market-clearing price
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