When Jaya Lewis Was Asked What It Would Take to Get

Multiple Choice

When Jaya Lewis was asked what it would take to get her to provide Eva Hillman an hour of tutorial lessons in economics, she replied,"$10." So Eva said,"Fine, I'll pay you $10." "No, no," Jaya, replied, the market price is $15!" Exasperated, Eva paid the $15. Did Jaya change her mind about the price during the conversation?

A) Yes, she realized that Eva was willing to pay more so changed her asking price from $10 to $15.
B) Yes, the $5 difference in price was obviously negotiable and Jaya went for the higher price
C) No, Eva changed her mind. At first she was willing to pay $10 then decided to pay the $15.
D) No, Eva was testing Jaya's willingness to supply tutorial lessons and discovered it was $15.
E) No, it was simply a case of Jaya's opportunity cost being less than market price so Jaya ends up with a $5 producer surplus