The diagram shows the market for a good with an initial equilibrium price of $10. The demand for the good increases by 40 units at every price causing the equilibrium price to rise to $12. 24 price $ 20 12 10 D2 80 100 120 140 quantity What is the value of the producer surplus after the price increase? A $500 B $720 C $1000 D $1440

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