Seller Garrett has a closing date of October 11. He’s responsible for closing costs up to but not including the day of settlement, but has already paid his annual taxes of $1,820. Using a calendar year proration, Garrett will be on the closing statement.

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.