while Region B (the grey shaded area) Region A (the purple shaded area) represents the total producer surplus when the market price is $ represents 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 larger when the price is $105 than when it is $75. Assuming each student receives a positive surplus, Nick will always receive less producer surplus than Rosa In order for Rosa to earn a producer surplus of exactly $45 from selling a used textbook, the market price needs to be s 6. Producer surplus and price changes The following graph shows the supply curve for a group of students looking to sell used economics textbooks. Each student has only one used textbook 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 textbook. 150 150 120 Alyssa Tim PRICE Dollars per used textbook 10 10 Rose AD Nick 30 Latasha Jake QUANTITY (Used textbooks)