Voluntary exchange occurs when:
A)either the buyer or the seller will gain from the trade with no loss to the other.
B)either the buyer or the seller will gain from the trade at the expense of the other.
C)society in general rather than the participants will gain from the trade.
D)both the buyer and the seller will gain from the trade.

Question

Quizplus · Accepted Answer

Voluntary exchange occurs when both the buyer and the seller agree to a trade because they both believe that they will benefit from it. Therefore, both parties gain from the trade.

Voluntary Exchange Occurs When