sarahsmissiny333 sarahsmissiny333
  • 23-01-2020
  • Business
contestada

If you are willing to purchase a house for $500,000 and you purchase the house for $500,000, this transaction will generate:

Respuesta :

andromache andromache
  • 23-01-2020

Answer:

c. $0 worth of buyer surplus and unknown amount of seller surplus

Explanation:

Given that

Selling price of house = $500,000

The purchase value of house =$500,000

By considering the above information,  the purchase and sales value are the same which reflects that the buyer surplus is zero and there is no definite amount or unknown amount of seller surplus as the data is not given.

Hence, the correct option is c.  

Answer Link

Otras preguntas

Which are ways American farming changed in the late 1800s? Choose all answers that are correct. a. dependence on railroads and banks b. less competition from
Which component of exercise primarily strengthens your heart?
Cyanobacteria have been engineered to produce isobutanol directly. What advantage does this have over other alternative biofuels
The move from the ____________ was a factor which led to the energy crisis, because OPEC began to price a barrel of oil against gold. a. gold standard b. flui
Which graph could represent a car that begins by increasing its speed, then travels at a constant speed, and then decreases its speed, as time increases?
Why was Jerusalem a Holy City to Muslims?
7x=5+5x. What is X? And thanks for advance.
What were some of the negative consequences of the TVA's activities?
What is a flowering seed plant called?
Why did trade often lead to cultural exchange?