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Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, producer surplus will be

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Based on the demand and supply curves, the price, and the units bought and sold, the producer surplus would be $18.

How much producer surplus is seen?

This can be calculated as:

= Area of producer surplus

= (Length x Width) + 0.5 x (Base x Height)

Solving gives:

= ( 6 x ( 4 - 2)) + (0.5 x ( 6 x 2))

= 12 + 6

= $18

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