Answer Happy

6. Producer wurplus and price changes The following graph shows the supply curvefur group of students looking to sell und mach testock. Enth student has only crowned test book to sell. Each rectangular segment under the supply curve represents the cost,' or minimum acceptable price for one student. Assume that anyone who has a . just qual ta the market price is wiling to sellis or her widelbeck. 193 190 123 Magan Larry Fel O ca QUANTITY IL while Region B (the gray shaded area) Region A (the purple shaded area) represents the total producer Surplus when the market prices S represents when the market price In the following table, inalcate which statements are true or face based on the Information provided on the previous graph Statement Trum Falun Assuming each student CRUSH pestrplus, Felix wil way less producer surlu then leret. O Producer surgiu x largar when the price is $105 the whiti 575 In order for Larry to earn surpluk of snctly $45 frumkling wind textbook, the market print Grado It Now Save & Continue Continua maut saving