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Homework answers / question archive / For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus

For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus

Marketing

For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off she found online. She selects and purchases a $35 pair of jeans, pre-discount.

Alice's

a) consumer

b) producer

surplus:

Option 1

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Option 2

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