Determine the equilibrium price and quantity in market

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Reference no: EM13107905

The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell at the following prices: $30, $29, $20, $16, and $12. Five buyers are willing to buy one widget at the following prices: $10, $12, $20,$24, and $29. What is the equilibrium price and quantity in this market?

Reference no: EM13107905

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