- Shana Decides To Buy A Pair Of Used Ripped Jeans For 80 00 She Was Willing To Pay 100 00 When Her Friend Tanya Sees 1 (141.52 KiB) Viewed 23 times
Q1: i know the total surplus would be CS + PS, which are ShanaCS 100-80=20 and PS 130-80=50, and Tanya CS 160-130=30, sototal gonna be 100?
Q2: Shana PS 130-80=50?
Shana decides to buy a pair of used ripped jeans for $80.00. She was willing to pay $100.00. When her friend Tanya sees the jeans, she loves them and thinks they are worth $160.00. So she offers Shana $130.00 for the jeans, and Shana accepts. Shana and Tanya are both thrilled with the exchange. The total surplus received by both Shana and Tanya is $ Part 2 (1 point) dback 100 See Hint Suppose that Shana purchased the jeans from Marie's Boutique. Marie and other boutique owners in town are upset that customers like Shana buy jeans at their stores, and then resell them for a higher price. Marie and the other owners convince the city government to pass a law preventing such resale. Assuming the law is successful, how much surplus is lost if Shana cannot sell the jeans to Tanya? $ 30