The following table displays the reservation values of buyers and sellers in the market for notebooks, where each individual either wants to buy or sell one notebook.

-Refer to the table above.If only the two highest-value buyers and the two lowest-cost sellers engage in trade,what is the social surplus?
A) $6
B) $10
C) $12
D) $20

Question

The following table displays the reservation values of buyers and sellers in the market for notebooks, where each individual either wants to buy or sell one notebook.
 
-Refer to the table above.If only the two highest-value buyers and the two lowest-cost sellers engage in trade,what is the social surplus?
A) $6 
B) $10 
C) $12 
D) $20

Quizplus · Accepted Answer

The Answer of The following table displays the reservation values of buyers and sellers in the market for notebooks, where each individual either wants to buy or sell one notebook.
 
-Refer to the table above.If only the two highest-value buyers and the two lowest-cost sellers engage in trade,what is the social surplus?
A) $6 
B) $10 
C) $12 
D) $20

The Following Table Displays the Reservation Values of Buyers and Sellers