38
Martha Stewart has inherited a 2004 Ford Mustang from the Food Network,
which she values at $80,000. Snoop Dogg is interested in buying the car
and offers Martha Stewart $75,000 for the car. Snoop Dogg is willing to pay
up to $80,000 for such a car. A voluntary economic exchange ______ between
Martha and Snoop, since if/when the exchange occurs ______ positive
economic surplus from the transaction.
a) does not occur; only Snoop Dogg receives
b) occurs; both Martha Stewart and Snoop Dogg receive
c) occurs; only Martha Stewart receives
d) does not occur; neither Martha Stewart nor Snoop Dogg receives
Question 25 (1 point)
