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6. Producer surplus and price changes The following graph shows the supply curve for a group of students looking to sell used smartphones. Each student
6. Producer surplus and price changes The following graph shows the supply curve for a group of students looking 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. 420 350 O I Juanita 280 Gilberto B PRICE (Dollars per used smartphone) 210 Dina A Charles 140 Ana 70 Yakov +> 2 3 5 6 QUANTITY (Used smartphones)Region A (the purple shaded area) represents the total producer surplus when the market price is $ , while Region B (the grey shaded area) represents V when the market price V . the change in total producer surplus In the folio re true or false based on the information provided on the previous graph. the total producer surplus Stateme True False Producer surplus is larger when the price is $245 than when it is $210. Assuming each student receives a positive surplus, Yakov will always receive less producer surplus than Ana. In order for Dina to earn a producer surplus of exactly $35 from selling a used smartphone, the market price needs to be $
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