Now imagine that a small gas station is willing to accept the following prices for selling gallons of gas: They are willing to sell 1 gallon if the price is at or above $3 They are willing to sell 2 gallons if the price is at or above $3.50 They are willing to sell 3 gallons if the price is at or above $4 They are willing to sell 4 gallons if the price is at or above $4.50 What is the gas station's producer surplus if the market price is equal to $4 per gallon? (Assume that if they are willing to sell a gallon of gas, there are buyers available to buy it at the market price) o $0.5
o $1 o $1.50 o $2 $2.50