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(Solved): The following graph shows the supply curve for a group of sellers in the U.S. market for laptops ( ...



The following graph shows the supply curve for a group of sellers in the U.S. market for laptops (orange line). Each seller hBased on the information on the preceding graph, you can tell that
will sell laptops at the given market price, and total proBased on the information on the preceding graph, you can tell that
will sell laptops at the given market price, and total proBased on the information in the second graph, when the market price of a laptop increases to \( \$ 275 \), the number of sell

The following graph shows the supply curve for a group of sellers in the U.S. market for laptops (orange line). Each seller has only one laptop to sell. The market price of a laptop is shown by the black ho line \( \$ 175 \). Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for Kevin, green (triangle symbols) for Maria, purple (diamond symbols) for Rajiv, tan (dash symbols) for Simone, and orange (square symbols) for Yakov. (Note: The name labels are to the right of the corresponding segment on the supply curve.) Use the rectangles to shade the areas representing producer surplus for each person who is willing to sell a laptop at a market a person will not sell a laptop at the market price, indicate this by leaving his or her rectangle in its original position on the palette.) Based on the information on the preceding graph, you can tell that will sell laptops at the given market price, and total producer surplus in this market will be Suppose the market price of a laptop increases to \( \$ 275 \) at the new market price: blue (circle symbols) for Kevin, green (triangle symbols) for Maria, purple (diamond symbols) for Rajiv, tan (dash symbols) for Simone, and orange (square symbols) for Yakov. (Note: If a person will not sell a laptop at the new market price, indicate this by leaving her her rectangle in its original position on the palette.) Based on the information on the preceding graph, you can tell that will sell laptops at the given market price, and total producer surplus in this market will be Suppose the market price of a laptop increases to \( \$ 275 \) at the new market price: blue (circle symbols) for Kevin, green (triangle symbols) for Maria, purple (diamond symbols) for Rajiv, tan (dash symbols) for Simone, and orange (square symbols) for Yakov. (Note: If a person will not sell a laptop at the new market price, indicate this by leaving her her rectangle in its original position on the palette.) Based on the information in the second graph, when the market price of a laptop increases to \( \$ 275 \), the number of sellers willing to sell a laptop to , and total producer surplus to


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Producer surplus is the area of the triangle above supply curve and below market price. It is the difference between what producers get and what is th
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