Todd owns a truck that he values at $2,000. Susan, who does a lot of hauling, values the truck at $6,000. If these two are allowed to negotiate, which of the following will most likely occur?
A) Todd will sell the truck for $1,500.
B) Susan will buy the truck for $7,000.
C) The truck will be sold at a price greater than $2,000 but less than $6,000, and both parties will benefit.
D) Susan will benefit more than Todd if the truck is sold.

Question

Quizplus · Accepted Answer

Todd values the truck at $2,000 and Susan values it at $6,000. They will likely agree on a price between these values, benefiting both.

Todd Owns a Truck That He Values at $2,000