If the price paid for a certain item is ($40) and the consumers surplus is ($4,) then
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If the price paid for a certain item is \($40\) and the consumers’ surplus is \($4,\) then what is the maximum buying price for that item? If the minimum selling price is \($30\) and the producers’ surplus is \($4,\) then what is the price received by the seller?
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Akshay Agarwal
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