Question

Question 5 You are willing to sell your coin collection for a minimum price of $1,000. You find a buyer who offers $1,500. In this transaction, you will receive ________ in producer surplus. 1 point $500 $1,000 $0 $1,500

Answer 1

Answer:

You will earn $500

Explanation:

$1,500 - $1,000 = $500

You gain $500

Answer 2

Answer:

you will receive $500 in producer surplus

Explanation:

when we subtract $1,000 from $1,500

$1500-$1000=$500