10 Betermining consumers and producers surplus Identify whether each statement in the following table best illustrates the

Question

10 Betermining consumers and producers surplus Identify whether each statement in the following table best illustrates the concept of consumers surplus producers surplus or neither Consumers Producers Surplus Surplus Statement Even though I was willing to pay up to 291 for a cell phone I bought a one for only 283 Even though I was willing to pay up to 376 for a used football jersey and even though the seller was willing to go as low as 369 in order to sell it we couldn t reach a deal because the government imposed a price ceiling of 361 on the sale of jerseys I sold a used smart watch for 370 even though I was willing to go as low as 362 in order to sell it O O Neither O

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