-Refer to the diagram above.If the price in this market is initially $3.00 and the most dissatisfied supplier sells a unit of the good for $5.50 to the most eager buyer,by how much is the buyer better off?
A) $1.50.
B) $2.50.
C) $4.00.
D) $5.50.
E) $7.00.

Question

-Refer to the diagram above.If the price in this market is initially $3.00 and the most dissatisfied supplier sells a unit of the good for $5.50 to the most eager buyer,by how much is the buyer better off?
A) $1.50. 
B) $2.50. 
C) $4.00. 
D) $5.50. 
E) $7.00.

Quizplus · Accepted Answer

The buyer is better off by $2.50 because they are able to purchase the good for $3.00, but the most dissatisfied supplier is willing to sell it for $5.50.

-Refer to the Diagram Above