Solution-Consumer and producer surplus after the transaction

Consumer and producer surplus after the transaction

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Reference no: EM131259956

Graciela is willing to sell 1 dozen roses for $50, while Giuseppe is willing to sell 1 dozen roses for $60. Carlos is willing to buy 1 dozen roses for $60, while Yuriko is willing to pay $50. If the market price is $52, how many roses are sold and what is the sum total of consumer and producer surplus after the transaction(s)?

Reference no: EM131259956

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Consumer and producer surplus after the transaction : Carlos is willing to buy 1 dozen roses for $60, while Yuriko is willing to pay $50. If the market price is $52, how many roses are sold and what is the sum total of consumer and producer surplus after the transaction(s)?

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Consumer and producer surplus after the transaction

Reference no: EM131259956

Reference no: EM131259956

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