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If the price a buyer pays for a good is $50 and the maximum price she would be willing and able to ...

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If the price a buyer pays for a good is $50 and the maximum price she would be willing and able to ...

If the price a buyer pays for a good is $50 and the maximum price she would be willing and able to pay is $53, then ____________ is _______________.

▸

producers' surplus; $103

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consumers' surplus; $103

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consumers' surplus; $3

▸

producers' surplus; $3

▸

consumers' surplus; $40

Textbook

Economics

Edition: 12^th

Author: Arnold

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