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Region A (the purple shaded area) represents the total producer surplus when the market price is

6. Producer surplus and price changes The following graph shows the supply curve for a group of students looking to sell used

Sharon 200 Paolo 150 l i.lwi;』 Lucia 100 Kenj Ginny Eric QUANTITY (Used calculators)

 Region A (the purple shaded area) represents the total producer surplus when the market price is _______ , while Region B (the grey shaded area)

represents (the total producer surplus / the change in total producer surplus) when the market price (is $125 / is $175 / changes from $200 to $175 / changes from $125 to $175).

In the following table, indicate which statements are true or false based on the information provided on the previous graph.


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Answer #1

Answer: last Part the market price needs to be $225

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