Multiple Choice
Which is an example of producer surplus?
A) Shyanne thought she would have to pay at least $200 for a smartphone, but she found one she liked online for $109.99.
B) Blake was willing to pay $128 for Dustin's bike, so he was happy to only have to pay $118 for it.
C) Dustin was willing to sell his old bicycle $90, so he was overjoyed that Blake was willing to pay $118 for it.
D) Brandon was hoping to buy a watch for $150, but the cheapest one he could find was on eBay for $185.
Correct Answer:
Verified
Correct Answer:
Verified
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