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Jane is interested in buying a car from a used car dealer. Her maximum willingness to payr for the car is $20 (thousand). Bo. the
Jane is interested in buying a car from a used car dealer. Her maximum willingness to payr for the car is $20 (thousand). Bo. the dealer. is willing to sell the car as long as he receives at least $8 (thousand). Thus. there is a potential surplus or gain from trade of$12 (thousand). Jane and the dealer bargain over the transaction price. p. If they cannot agree on a price. then the transaction does not occur. and neither party receives any surplus. If instead. Bo can only get 35 (thousand) elsewhere. then the price that maximizes the Nash product changes by SE thousand. (Enter your response rounded to one decimal place and .I'non'uo'e a minus sign if necessary) This change in price is in Y favor
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