A graph of price versus quantity is a supply curve, S, represented by a straight line ascending from a point, for convenience called, (0, P 0) through points (Q 1, P 1), and (Q 2, P 2). The area bounded by points (0, 0), (Q 2, 0), (Q 2, P 2), and (0, P 2), is transected by Curve S. To the left of Curve S the area is divided into two triangles and a rectangle. To the right of Curve S, the area is divided into two trapezoids. From top to bottom and left to right, the regions are as follow. Rectangle A, to the left of Curve S, has the following vertices. (0, P 2), (Q 1, P 2), (Q 1, P 1), (0, P 1). Triangle B, bordering Curve S to the left, has the following vertices. (Q 1, P 2), (Q2, P 2), (Q 1, P 1). Triangle C, bordering Curve S to the left, has the following vertices. (0, P 1), (Q 1, P 1), (0, P 0). Trapezoid D, bordering Curve S to the right, has the following vertices. (0, 0), (0, P 0), (Q 1, P 1), (Q 1, 0). Trapezoid G, bordering Curve S to the right, has the following vertices. (Q 1, 0), (Q 1, P 1), (Q 2, P 2), (Q 2, 0). Refer to Figure 7-6. Suppose producer surplus is larger than C but smaller than A+B+C. The price of the good must be lower than P1. P1. between P1 and P2. higher than P2