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Jennifer buys a piece of costume jewelry for $10, for which she was willing to pay $12. The minimum acceptable price to the seller, Nathan,
Jennifer buys a piece of costume jewelry for $10, for which she was willing to pay $12. The minimum acceptable price to the seller, Nathan, was $10. Jennifer experiences a
A. consumer surplus of $0, and Nathan experiences a producer surplus of $2
B. producer surplus of $120, and Nathan experiences a producer surplus of $100
C. consumer surplus of $2, and Nathan experiences a producer surplus of $0
D. consumer surplus of $2, and Nathan experiences a consumer surplus of $2
E. producer surplus of $2, and Nathan experiences a consumer surplus of $0
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