The Following Table Displays the Reservation Values of Eight Buyers

question 37

Multiple Choice

The following table displays the reservation values of eight buyers and eight sellers, who each want to buy or sell a calculator. You are in charge of deciding which buyer trades (or not) with which seller at what price as you see fit. You could prescribe different prices to each pair of a buyer and a seller.

-Refer to the table above.To achieve efficiency,which group of buyers should trade with which group of sellers?

• A) All buyers and all sellers should trade.
• B) Buyers 5-8 and sellers 1-4 should trade.
• C) Buyers 1-5 and sellers 1-5 should trade.
• D) Buyers 1-4 and sellers 5-8 should trade .

---

Definitions:

Demand for Film

Demand for film encompasses the desire and willingness of consumers to purchase and view cinematic productions, influenced by factors such as genre, cast, and reviews.

Price of Cameras

The amount of money required to purchase a camera, influenced by factors such as technology, brand, market demand, and production costs.

Shift in Demand

A change in the demand curve caused by factors other than the price of the good or service, leading to an increase or decrease in demand at every price.

Mass Transit

Public shared transportation systems, such as buses and trains, designed to move large numbers of people efficiently across urban and suburban areas.