Multiple Choice
Steve values his boat at $4,000, and Jennifer values it at $9,000. If Jennifer buys it from Steve for $7,000, which of the following is true?
A) Steve gains $3,000 of value, and Jennifer gains $2,000 of value.
B) Steve gains $7,000 of value, and Jennifer loses $7,000 of value.
C) Steve gains $7,000 of value, and Jennifer gains $6,000 of value.
D) Steve and Jennifer both gain $7,000 of value.
Correct Answer:
Verified
Correct Answer:
Verified
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