7. Producer surplus for an individual and a market Suppose the market for sourdough is perfectly competitive, so sellers take the market price as given. Neha manages a restaurant that offers sourdough for sale. The following graph plots Neha's weekly supply curve (orange line). Point A represents a point along her supply curve. The price of sourdough is $2.25 per slice, which is given by the black horizontal line. (? Neha's Weekly Supply 9.00 8.25 7.50 6.75 6.00 5.25 4.50 PRICE (Dollars per slice) 3.75 3.00 2.25 Price 1.50 A 0.75 Supply 0 4 6 10 12 14 16 18 20 22 2 QUANTITY (Slices of sourdough)Using the previous graph, you can determine that Neha is willing to supply her 6th weekly slice of sourdough for $ Since she receives $2.25 per slice, the producer surplus earned from supplying the 6th slice of sourdough is $ Suppose the price of sourdough were to rise to $3.00 per slice. At this higher price, Neha would receive a producer surplus of | $ from the 6th slice of sourdough she sells. The following graph plots the weekly market supply curve (orange line) for sourdough in a hypothetical small economy. Use the purple point (diamond symbol) to shade the area representing producer surplus (PS) when the price (P) of sourdough is $2.25 per slice. Then, use the green point (triangle symbol) to shade the area representing additional producer surplus when the price rises to $3.00 per slice.Small Economy's Weekly Supply 9.00 O 8.25 7.50 Initial PS (P=$2.25) 6.75 A 6.00 Additional PS (P=$3.00) 5.25 4.50 PRICE (Dollars per slice ) 3.75 P=$3.00 3.00 2.25 P=$2.25 1.50 0.75 Supply 0 24 48 72 96 120 144 168 192 216 240 264 288 QUANTITY (Thousands of slices of sourdough)