Dan Owns an Autographed Copy of a Lady Gaga CD

question 48

Multiple Choice

Dan owns an autographed copy of a Lady Gaga CD.If he sells it locally,he can get $100.If he puts it on eBay,he can get $500,of which he will pay $50 to eBay.eBay has therefore caused total economic surplus to be

• A) unchanged.
• B) $500 higher.
• C) $50 higher.
• D) $350 higher.
• E) $400 higher.

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Definitions:

Lack

The state of being without or not having enough of something.

Homeopathic Medicine

Involves the use of natural drugs to treat patients.

Palliative Medicine

A branch of medicine focused on relieving pain, symptoms, and stress of serious illness, aiming to improve quality of life for patients and their families.

Chiropractic Medicine

A therapeutic approach to healing that involves a hands-on manipulation of bones in the spinal column to relieve pressure on nerves.