-Refer to the image above. Suppose producer surplus is larger than C but smaller than A+B+C. The price of the good must be

Name: -Refer to the image above. Suppose producer surplus is larger than C but smaller than A+B+C. The price of the good must be
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Producer surplus is the area above the supply curve and below the price level. If it is larger than C but smaller than A+B+C, the price must be between P1 and P2, as this would include some but not all of the area A+B+C.

-Refer to the Image Above