Question

 The following graph shows the supply curve for a group of students looking to sell used tablets. Each student has only one used tablet 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 tablet.

 Region A (the purple shaded area) represents the total producer surplus when the market price is _______  while Region B (the grey shaded area) 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.

 In the following table, indicate which statements are true or false based on the information provided on the previous graph.

Statement	True	False
Assuming each student receives a positive surplus, Andrew will always receive less producer surplus than Beth.
Producer surplus is smaller when the price is $105 than when it is $75.

 In order for Beth to earn a producer surplus of exactly $45 from selling a used tablet, the market price needs to be _______.

Answer 1

Region A( the purple............ $ 75, while region B.............. the change in total producer surplus when the market price changes from $ 75 to $ 105.

Assuming each student............. False

Producer surplus is smaller........False

In order for Beth......... $ 105