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Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophie and Ruby agree on a price of $45. The gains from trade for Sophie equals ______ and the gains from trade for Ruby equals _______.

Respuesta :

Answer:

$15 ;  $15

Explanation:

Data Provided in the question

Willing to sell = $30

Agreed price = $45

Willing to pay = $60

So by considering the above information

The computation of gains from trade is presented below:

For Sophie

= Agreed price - willing to sell

= $45 - $30

= $15

For Ruby

= Willing to pay - agreed price

= $60 - $45

= $15

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