Suppose a car recently sold your used. Assume that no new production was involved in this transaction.

Wealth was created because the buyer's willingness to pay was less than, greater than or equal to? the value of your willingness to sell.

Suppose the car for for $16,000.

If the minimum price, or "bottom line," accepted for the car is $11,000 and the most the buyer is willing to pay is $25,000, then the seller surplus is $? and the buyer surplus is $?. The total surplus created by the transaction is $?