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6. Producer surplus and price changes The following graph shows the supply curve for a group of students looking to sell used graphing calculators. Each student has only one used calculator to sell. Each rectangular segment under the supply curve represents the "cost," or minimum acceptable price, for one student. Assume that anyone who has a cost just equal to the market price is willing to sell his or her used calculator PRICE (Dollars par used cakulator Andrew QUANTITY (Used caledators) Region A "the purple shaded area) represents the total producer surplus when The market price X O-- @ 2 3 4 5 6Options Eleanor 120 Success Tips Damell Success Tips PRICE (Dollars per used calculator) Beth FOR YOU Andrew y Tools Teresa Sam or Principles of QUANTITY (Used calculators) edback Region A (the purple shaded area) represents the total producer surplus when the market price is |S , while Region B (the grey shaded area) represents w when the market price In the following table, indicate which statements are true or false based on the information provided on the previous graph. Statement True False Producer surplus is smaller when the price is $105 than when it is $9o. 0 0 Assuming each student receives a positive surplus, Teresa will always receive less producer surplus than Andrew. O In order for Beth to earn a producer surplus of exactly $15 from selling a used calculator, the market price needs to be S Grade It Now Save & Continue Continue without saving + X O-- @ S % 2 3 4 5 Q W