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Read and consider the Willingness to Pay example in Section 7-1 (Chapter 7 Section 1). Now find and evaluate the willingness to pay, consumer surplus,
Read and consider the "Willingness to Pay" example in Section 7-1 (Chapter 7 Section 1).
Now find and evaluate the willingness to pay, consumer surplus, demand, producer surplus, cost and willingness to sell of your own example.(products to consider:online ticket sales to sporting events, Vegas shows, eBay products, etc).
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