If Sean sells Tom a tennis racket for $50, we would expect
A) both parties to gain from this transaction.
B) Sean to gain from the transaction, while Tom loses.
C) Tom to gain from the transaction, while Sean loses.
D) the well-being of both parties to be unchanged.

Question

Quizplus · Accepted Answer

In a voluntary transaction, both parties typically gain because Sean values the $50 more than the tennis racket, and Tom values the tennis racket more than the $50.

If Sean Sells Tom a Tennis Racket for $50, We