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to Assignment empts: Average: / 1 Welfare analysis: Basic concepts dentify whether each of the following statements best illustrates the concept of consumer surplus, producer

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to Assignment empts: Average: / 1 Welfare analysis: Basic concepts dentify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. Consumer Producer Statement Surplus Surplus Neither I sold a jersey sweater for $25, even though I was willing to go as low as $20 In order to sell it. O Even though I was willing to pay up to $35 for a used laptop and even though the seller was willing to go as low as $28 in order to sell it, we couldn't reach a deal because the government imposed a tax of $14 on O O the sale of laptops. Even though I was willing to pay up to $55 for a used textbook, I bought a used textbook for only $46. O Grade It Now Save & Continue

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