Chloe bought 5 comic books from Chad. This trade gave Chloe a Consumer's Surplus of $20 and gave Chad a Producer's Surplus of $18. It follows that the trade

Question 2 options:

1)

made both Chloe and Chad worse off

2)

must have taken place at a price of $12

3)

generated a Social Surplus of $2

4)

generated a Social Surplus of $38