Business
Business, 10.01.2020 06:31, statonglenda

Aconsumer values a car at $30,000 and a producer values the same car at $20,000. if the transaction is completed at $24,000, the transaction will generate:
a. $6,000 worth of buyer surplus and unknown amount of seller surplus
b. $4,000 worth of seller surplus and unknown amount of buyer surplus
c. $6,000 worth of buyer surplus and $4,000 of seller surplus
d. no surplus

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Answers: 3

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Aconsumer values a car at $30,000 and a producer values the same car at $20,000. if the transaction...

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