The table shows the minimum price at which people are willing to sell a ticket to a soccer game. Assume that each person is only interested in selling one ticket. Using the numbers in the table, if the price they can sell their tickets for is $14, then total producer surplus in this market is: PQ Table 8.2 Consumer Willingness to sell Jacob $3 Daniel $7 Nolan $12 Pinar $16 Ann $19

The table shows the minimum price at which people are willing to sell a ticket to a soccer game. Assume that each person is only interested in selling one ticket. Using the numbers in the table, if the price they can sell their tickets for is $14, then total producer surplus in this market is: PQ Table 8.2 Consumer Willingness to sell Jacob $3 Daniel $7 Nolan $12 Pinar $16 Ann $19

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 2P

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