1. A) Consider the Supply curve shown below. Assume market price is 4 dollars and the intercept is 0. After new technologies are introduced supply curve shifts to the right. How much was the producer surplus before this technological innovation? How much is the producer surplus changed after the new technology was introduced? (25 points) P $6.00 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 THATTH 0 5 10 15 20 25 30 35B) Now consider the market shown below. Assume there is a new technological innovation which shifts the supply curve to the right by 5 units exactly like the figure in part A. How much does the producer surplus and the consumer surplus changes? (You do not have to use 100% accurate numbers. Assume demand curve's intercept is 7 dollars. Supply curve's intercept is 0.) (25 points) P D $6.00 S $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 0 5 10 15 20 25 30 35