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 .

$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

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; sales of books;