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Flauer [41]
3 years ago
10

Determine where producer is experiencing a producer surplus or consumer surplus, along with the amount of the surplus.

Social Studies
1 answer:
kompoz [17]3 years ago
7 0

Answer:

Correct Answers:

<u>Alice Scenario:</u>

Consumer Surplus. And the amount is $5

<u>Jeff Scenario:</u>

Consumer Surplus. And the amount is $12

<u>Nicole Scenario:</u>

Producer Surplus. And the amount is $1

Explanation:

<em>The above scenarios shows that both the consumers and the producer experience a varying degree of surpluses. And, also, the amount of the surplus varies from one person to the other person.</em>

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