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Suppose that the inverse demand and supply functions are given by: P = 400 - 5Qd and P = 200 + 5Q5, where Q is

Suppose that the inverse demand and supply functions are given by: P = 400 - 5Qd and P = 200 + 5Q5, where Q is corn in million metric tons (MMT) and P is the price of corn in USD/mt. The level of producer surplus (PS) is: O 9,000 M USD 1,000 M USD 3,000 M USD O 4,000 M USD

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