Consider the Market for Socks

question 5

Multiple Choice

Consider the market for socks.The current price of a pair of plain white socks is $5.00.Two consumers,Jeff and Samir,are willing to pay $7.25 and $8.00,respectively,for a pair of plain white socks.Two sock manufacturers are willing to sell plain white socks for as little as $4.00 and $4.15 per pair.

• A)$0.15
• B)$8.15
• C)$0.85
• D)$1.00
• E)$1.85