(Solution) Amanda buys a ruby for $330 for which she was willing to pay $340. The minimum acceptable price to the seller, Tony, was $140. Amanda experiences: > Snapessays.com
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(Solution) Amanda buys a ruby for $330 for which she was willing to pay $340. The minimum acceptable price to the seller, Tony, was $140. Amanda experiences:


Amanda buys a ruby for $330 for which she was willing to pay $340. The minimum acceptable price to the seller, Tony, was $140. Amanda experiences:

 

a producer surplus of $200 and Tony experiences a consumer surplus of $10.

 

a consumer surplus of $670 and Tony experiences a producer surplus of $200.

 

a consumer surplus of $10 and Tony experiences a producer surplus of $190.

 

a producer surplus of $10 and Tony experiences a consumer surplus of $190.

 

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This question was answered on: Sep 21, 2023

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