After the price floor is instituted,the Chairman of Productions Office buys up any barrels of gosum berries that the producers are not able to sell.With the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. How muchproducer surplusis createdwith the price floor?Show your calculations.

Producer surplus (PS) = Area between supply curve and marketprice