Amanda buys a ruby for $330 for which she was willing to pay $340. The minimum acceptable price to the seller, Tony, was $140. Tony experiences a
A. consumer surplus of $670 and Amanda experiences a producer surplus of $470.
B. producer surplus of $190 and Amanda experiences a consumer surplus of $10.
C. consumer surplus of $10 and Amanda experiences a producer surplus of $190.
D. producer surplus of $470 and Amanda experiences a consumer surplus of $670.
Answer: B
Economics
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