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Producer Surplus and Willingness to Sell
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Producer Surplus and Willingness to Sell
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5. Consumer and Producer Surplus; Price Ceilings and Floors / Producer Surplus and Willingness to Sell / Problem 6
Problem 6
If a supplier is willing to sell a product for \$10 and the market price is \$15, what is the producer surplus?
A
\$15
B
\$5
C
\$10
D
\$25
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