Elsie owns a dairy farm and Elmer is a baker. If Elsie trades butter and milk for some of Elmer's pies than:
a. Elsie is the only one that gains from the trade
b. Elmer is the only one that gains from the trade.
c. Elsie and Elmer are both made better off by the trade.
d. Both Elmer and Elsie are made worse off by the trade.
c
Economics
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