D. Prouucer surpiuS Tor a group o sellers 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...

Extracted text: D. Prouucer surpiuS Tor a group o sellers 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 horizontal line at $90. Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for Andrew, green (triangle symbols) for Beth, purple (diamond symbols) for Darnell, tan (dash symbols) for Eleanor, and orange (square symbols) for Jacques. (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 price of $90. (Note: If 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.) 160 140 Andrew 120 Jacques Eleanor 100 Beth Market Price 80 Darnell Darnell 60 40 Beth Eleanor 20 Andrew Jacques QUANTITY (Laptops) 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 s PRICE (Dollars per laptop)


Extracted text: Suppose the market price of a laptop decreases $50. On the following graph, use the rectangles once again to shade the areas representing producer surplus for each person who is willing to sell a laptop at the new market price: blue (circle symbols) for Andrew, green (triangle symbols) for Beth, purple (diamond symbols) for Darnell, tan (dash symbols) for Eleanor, and orange (square symbols) for Jacques. (Note: If a person will not sell a laptop at the new market price, indicate this by leaving his or her rectangle in its original position on the palette.) 160 140 Andrew Jacques 120 Eleanor 100 Beth Darnell Darnell 60 Market Price 40 Beth Eleanor 20 Andrew Jacques QUANTITY (Laptops) Based on the information in the second graph, when the market price of a laptop decreases to $50, the number of sellers willing to sell a laptop to , and total producer surplus to S PRICE (Dollars per laptop)