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. Eleanor manages a restaurant that offers sourdough for sale. The following graph plots. Eleanor'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. Eleanor's Weekly Supply OUANTITY (Slices of sourdough) Using the previous graph, you can determine that Eleanor is willing to supply her 6 th weekly slice of sourdough for Since she receives $2.25 per slice, the producer surplus eamed from supplying the 6 th slice of sourdough is Suppose the price of sourdough were to rise to $3.00 per slice. At this higher price, Eleanor would receive a producer surplus of from the 6 th sice of sourdough she sells. The following oraph plots the weekly market supply curve (orange line) for sourdough in a hypothetical small economy. Uas the purple point (diamond minbol) to shade the area representing producer surpliss (PS) when the price (P) of sourdough is $2.25 per slice. Then, use the green point (trianglessmbel) to shade the area representing additional producer surplus when the price rises to $3.00 per slice, Small Economy's Weekly Supply Initial PS (P-\$2.25) Additional PS (P=53.00) QUANTITY (Thousands of slices of sourdough)