producer surplus in this market will be sSuppose the market price of a motor scooter increases to $110.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 motorscooter at the new market price: blue (dircle symbols) for Shen, green (triangle symbols) for Valerie, purple (diamond symbols) for Antonio, tan (dashsymbols) for Caroline, and orange (square symbols) for Dmitri. (Note: If a person will not sell a motor scooter at the new market price, indicate this byleaving their rectangle in its original position on the palette.)PRICE (Dollars per motor scooter)1601408100BO604020a1ShenValerieAntonioDmitriCaroline2 35QUANTITY (Motor scooters)Market PriceT⠀⠀⠀⠀X1X*XShenValerieAntonioCarolineDeti?Based on the information in the second graph, when the market price of a motor scooter increases to $110, the number of sellers willing to sell a motorscooterand total producer surplustotoF 5. Producer surplus for a group of sellersThe following graph plots a supply curve (orange line) for several sellers in the market for motor scooters in State College, a university town inPennsylvania. Each seller has a single motor scooter for sale. The market price of motor scooters is given by the horizontal black line at $70.Each rectangle on the graph corresponds to a particular seller in this market: blue (cirde symbols) for Shen, green (triangle symbols) for Valerie, purple(diamond symbols) for Antonio, tan (dash symbols) for Caroline, and orange (square symbols) for Dmitri. (Note: The name labels are to the right of thecorresponding segment on the supply curve.)Use the rectangles to shade the areas representing producer surplus for each person who is willing to sell a motor scooter at a market price of $70.(Note: If a person will not sell a motor scooter at the market price, indicate this by leaving their rectangle in its original position on the palette.)?PRICE (Dollars per motor scooter)16014012010080604020001Shen2ValerieAntonioDmitriCaroline34QUANTITY (Motor scooters)Market PriceBased on the information on the preceding graph, you can tell thatproducer surplus in this market will begmgShenஇயாதிValeriaAntonioDHECarolineBIEDimenwill sell motor scooters at the given market price, and total

Producer surplus is the difference between the market price and the minimum price a producer is…

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 motor scooter at the new market price: blue (dircle symbols) for Shen, green (triangle symbols) for Valerie, purple (diamond symbols) for Antonio, tan (dash symbols) for Caroline, and orange (square symbols) for Dmitri. (Note: If a person will not sell a motor scooter at the new market price, indicate this by leaving their rectangle in its original position on the palette.) CE (Dollars per motor scooter) 160 140 120 100 80 60 Antonio Dmitri Caroline Market Price 1X1X1X Shen Valerie Antonio