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First drop down bar options are equal to, greater than or less than second drop down...

First drop down bar options are equal to, greater than or less than

second drop down options are no longer or still

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Answer #1

1) less than

Buyer's maximum price is greater than seller's lower price at which transaction occurs.

2) Total surplus = Buyer's top dollar - Seller's bottom line = 21000 - 18000 = $ 3000

3) no longer take place

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