Amanda buys a ruby for $330 for which she was willing to pay $340.The minimum acceptable price to the seller,Tony,was $140.Amanda experiences:

A) a consumer surplus of $10 and Tony experiences a producer surplus of $190.
B) a producer surplus of $200 and Tony experiences a consumer surplus of $10.
C) a consumer surplus of $670 and Tony experiences a producer surplus of $200.
D) a producer surplus of $10 and Tony experiences a consumer surplus of $190.

Consumer Surplus

The difference between the maximum amount consumers are willing to pay for a good or service and the actual price they pay, measuring the benefit consumers receive from purchasing at a lower price.

Producer Surplus

The difference between the amount that producers are willing and able to supply a good for and the amount they actually receive due to market conditions.

Acceptable Price

The price level at which a buyer views the cost of a product or service as reasonable, taking quality and utility into account.