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Suppose we have 6 buyers and 7 sellers in the market for horses:
Maximum Buying Prices Minimum Selling Prices
B-1 $133 S-1: $112B-2 $121 S-2: $115B-3 $120 S-3: $116B-4 $113 S-4: $121B-5: $111 S-5: $122B-6: $110 S-6: $125 S-7: $131
The limits of price formation are between what?
A.$93 and $97
B.$110 and $125
C.$133 and $112
D.$133 and $131
E.$120 and $116
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