Consider the market shown in the figure. Compute the producer surplus at the equilibrium price and quantity when the market is denoted by D1 and S1. Compute the producer surplus at the equilibrium price and quantity when the market is denoted by D1 and S2. By how much does producer surplus decrease?

Question 16 Consider the market shown in the figure. Compute the producer surplus at the equilibrium price and quantity when the market is denoted by 01 and 51. Compute the producer surplus at the equilibrium price and quantity When the market is denoted by D1 and 52. By how much does producer surplus decrease? 50 Price $1 D1 100 200 200 Quantity Typo your numark snow and submit