6. Producer surplus and price changes The following graph shows the supply curve for a group of students looklng to sell used smartphones. Each student has only one used smartphone 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 cost just equal to the market price is willing to sell his or her used smartphone. E m 6 PRICE (Dallas per used srna'tphone) Q E El I 2 3 4 5 6 QUANTITY (Used smartpnonesl Region A {the purple shaded area] represents the total producer surplus when the market price isE'. while Region 3 (the grey shaded area) represents 7 when the market price V . '9 Show Transcribed Text Region A (the purple shaded area) represents the total producer surplus when the market pn'ce is|:|, while Region B (the grey shaded area) represents 7 when the market price v . in the foilomng table, rndicate which statements are true or false based on the Infantiau'on provided on the prewous graph. Statement True False Assuming each student receives a positive surplus. Nick will always receive less producer surplus than Rosa. 0 O Producer surplus Is smaller when the price is $210 than when It is $180. 0 O In order for Brian to earn a producer surplus of exactly 530 from selling a used smartphone, the market price needs to ME