Producer Surplus = ($24 * 3) - ($11 + $19 + $24) = $18
Consumer Surplus = ($34 + $29 + $24) - ($24 * 3) = $15
Explanation:
Producer surplus is the difference between the actual price a seller receives and the price at which the seller is willing to sell.
Consumer surplus is the difference between the the price consumers are willing to pay and the actual price the consumer pays.
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