For each scenario, decide whether it results in a producer or consumer surplus. Then calculate the resulting surplus. a. Alice is willing to spend $30$30 on a pair of jeans and has a coupon for $10 off. She purchases a pair of jeans that costs $35 pre-discount.
b. Jeff finds some steaks for $16 for which he would have been willing to pay $20. The butcher notices the meat is near the expiration Jeffs surplus: date and gives him an extra 75% off.
c. Nicole has in her possession a hockey puck from the 2010 Winter Olympic Games and sells it on eBay. She will only sell the puck if Nicole's surplus: the winning bid is greater than or equal to $500.