Daily Supply and Demand: Oranges in Hurricane Alley
Refer to the figure above.If the supplier sells the tenth pound of oranges to the most eager buyers for $8,the seller is _____ better off than before and the buyer is ______ better off than before.
A)$8;$0
B)$6;$2
C)$4;$4
D)$2;$6

Question

Daily Supply and Demand: Oranges in Hurricane Alley 
Refer to the figure above.If the supplier sells the tenth pound of oranges to the most eager buyers for $8,the seller is _____ better off than before and the buyer is ______ better off than before.
A)$8;$0 
B)$6;$2 
C)$4;$4 
D)$2;$6

Quizplus · Accepted Answer

The tenth pound costs the seller $4 to produce.The marginal buyer of the tenth pound values that pound of oranges at $12.