Angela and Theresa visit a sporting goods store to buy a new set of golf clubs Angela is willing to pay up to $750 for the golf clubs, Theresa is willing to pay up to $850 The price is $575, unfortunately, there is only one set of golf clubs available at the moment The efficient allocation of resources is when Theresa buys the golf clubs Neither Theresa nor Angela buys the golf clubs Angela buys the golf clubs No efficient allocation is possible at P $575 because at this price quantity demanded is greater than quantity supplied Either Theresa or Angela buys the golf clubs

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Question: Angela and Theresa visit a sporting goods store to buy a new set of golf clubs. Angela is willing to pay up to $750 for

Angela and Theresa visit a sporting goods store to buy a new set of golf clubs. Angela is willing to pay up to $750 for the golf clubs, Theresa is willing to pay up to $850. The price is $575, unfortunately, there is only one set of golf clubs available at the moment! The efficient allocation of resources is when

		Theresa buys the golf clubs
		Neither Theresa nor Angela buys the golf clubs
		Angela buys the golf clubs
		No efficient allocation is possible at P = $575 because at this price quantity demanded is greater than quantity supplied.
		Either Theresa or Angela buys the golf clubs

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