Rebecca decides to buy a dress that Hillary has for sale; they agree on a price of $20. Which of the following best describes who gains and who loses from the transaction?
A) If the dress originally costs more than $20, Rebecca gains and Hillary loses.
B) If the dress originally costs less than $20, Hillary gains and Rebecca loses.
C) Both parties expect to gain from this transaction.
D) If Hillary gains from the transaction, Rebecca must lose an equal amount.
Correct Answer:
Verified
Q52: If Matt trades two candy bars to
Q58: If Harry Bartolini's Ford dealership sells Rosa
Q62: Richer economies often have more middlemen. Economic
Q172: Private property rights involve
A) the right to
Q191: Which of the following statements about exchange
Q193: If Sean sells Tom a tennis racket
Q198: Which of the following most accurately states
Q204: If the Internet makes it easier for
Q211: Internet sites such as eBay make it
Q214: High transaction costs will tend to
A) reduce
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents