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Business, 05.03.2021 03:00 lenaeeee

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. Statement Consumer Surplus Producer Surplus Neither Even though I was willing to pay up to $71 for a used textbook and even though the seller was willing to go as low as $61 in order to sell it, we couldn't reach a deal because the government imposed a tax of $18 on the sale of textbooks. Even though I was willing to pay up to $168 for a used laptop, I bought a used laptop for only $158. I sold a watch for $62, even though I was willing to go as low as $52 in order to sell it.

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Identify whether each of the following statements best illustrates the concept of consumer surplus,...
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