Sanjay has an ATV that he values at $3,000. Marilu is looking for a similar ATV but will only pay up to $2,400. Will trade between these two occur? Is there a policy government could implement that would encourage a trade to occur between Sanjay and Marilu? If so, what is that policy and will the policy make society richer?

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The Answer of Sanjay has an ATV that he values at $3,000. Marilu is looking for a similar ATV but will only pay up to $2,400. Will trade between these two occur? Is there a policy government could implement that would encourage a trade to occur between Sanjay and Marilu? If so, what is that policy and will the policy make society richer?

Sanjay Has an ATV That He Values at $3,000