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Sheron has produced a sculpture for which he has willingness to sell of $200. The current market price for similar sculptures is $150. Sheron _____.
Sheron has produced a sculpture for which he has willingness to sell of $200. The current market price for similar sculptures is $150. Sheron _____. Would not sell the sculpture so long as the price was below his willingness to sell. Would receive a producer surplus of $150 dollars when selling the sculpture. Will change his willingness to sell to $150 because he has overvalued his sculpture. Would sell the sculpture and receive a producer surplus of -$50
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