Read and consider the "Willingness to Pay" example in Section 7-1 (Chapter 7 Section 1).

Now find and evaluate the:

• Willingness to pay,
• Consumer surplus,
• Demand,
• Producersurplus,
• Cost and
• Willingness to sell of your own example.

Now present in narrative form examples of products you might consider including online ticket sales to sporting events, Vegas shows, eBay products, etc.

Do not just list the above as definitions. Incorporate the terms into your writing to show your understanding. Explain your answer using hypothetical dollar values to make sure your example is clear. Include a brief introduction and footnotes to your research.