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6. Producer surplus and price changes The following graph plots a supply curve (orange line) for a group of recent graduates looking to sell used

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6. Producer surplus and price changes The following graph plots a supply curve (orange line) for a group of recent graduates looking to sell used smart devices. Each seller has only a single used smart device available for sale. Think of each rectangular area beneath the supply curve as the "cost," or minimum price that each seller is willing to accept. Assume that anyone who has a cost that equals the market price is willing to sell their used smart device. Region X (the purple shaded area) represents total producer surplus. when the market price is equal to while Region Y (the grey shaded area) represents when the market price In the following table, indicate which statements are true or false based on the information provided on the previous graph. In order for Rina to earn a producer surplus of exactly $60 from selling a used smart device, the market price must be

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