5. Producer surplus for a group of sellers The following graph plots a supply curve (orange line) for several sellers in the market for motor scooters in State College, a university town in Pennsylvania. Each seller has a single motor scooter for sale. The market price of motor scooters is given by the horizontal black line at $135. Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for lake, green (triangle symbols) for Latasha, purple ( diamond symbols) for Nick, tan (dash symbols) for Rosa, and orange (square symbols) for Tim. (Note: The name labels are to the right off the corresponding segment on the supply curve.) Use the rectangles to shade the areas representing producer surplus for each person who is willing to sell a motor scooter at a market price of $135. (Note: If a person will not sell a motor scooter at the market price, indicate this by leaving their rectangle in it's onginal position on the palette.) 240 210 Jake 180 Tim Rosa 150 Market Price Latasha 120 PRICE (Dollars per motor scooter) Nick 90 Nick Latasha Rosa Jake 2 3 7 Tim QUANTITY (Motor scooters)Based on the information on the preceding graph, you can tell that will sell motor scooters at the given market price, and total producer surplus in this market will be |3 Suppose the market price of a motor scooter decreases to $75. On the following graph, use the rectangles once again to shade the areas representing producer surplus for each person who is willing to sell a motor scooter at the new market price: blue (circle symbols) for Jake, green (triangle symbols) for Latasha, purple (diamond symbols) for Nick, tan (dash symbols) for Rosa, and orange (square symbols) for Tim. (Note: If a person will not sell a motor scooter at the new market price, indicate this by leaving their rectangle in its original position on the palette.) 240 210 Jake Tim ROSA 150 Latasha 120 PRICE (Dollars per malor scooter) Nick Nick Market Price Latasha Rosa lake 2 3 16 Tim QUANTITY (Motor scooters) Based on the information in the second graph, when the market price of a motor scooter decreases to $75, the number of sellers willing to sell a motor scooter to , and total producer surplus to