Based on the table below, what is the total amount of producer surplus assuming this market reaches equilibrium? $\begin{array}{lcc}
\underline{\text { Price } }&\underline{ \text { Quantity Demanded }} & \underline{\text { Quantity Supplied }} \
\$ 1.00 & 7 & 1 \
\$ 2.00 & 6 & 2 \
\$ 3.00 & 5 & 3 \
\$ 4.00 & 4 & 4 \
\$ 5.00 & 3 & 5 \
\$6.00 & 2 & 6 \
\$ 7.00 & 1 & 7
\end{array}$

A)$1.00
B)$2.00
C)$3.00
D)$7.00
E)$10.00

Question

Based on the table below, what is the total amount of producer surplus assuming this market reaches equilibrium? $\begin{array}{lcc}
\underline{\text { Price } }&\underline{ \text { Quantity Demanded }} & \underline{\text { Quantity Supplied }} \
\$ 1.00 & 7 & 1 \
\$ 2.00 & 6 & 2 \
\$ 3.00 & 5 & 3 \
\$ 4.00 & 4 & 4 \
\$ 5.00 & 3 & 5 \
\$6.00 & 2 & 6 \
\$ 7.00 & 1 & 7
\end{array}$

A)$1.00
B)$2.00
C)$3.00
D)$7.00
E)$10.00

Quizplus · Accepted Answer

The Answer of Based on the table below, what is the total amount of producer surplus assuming this market reaches equilibrium? $\begin{array}{lcc}
\underline{\text { Price } }&\underline{ \text { Quantity Demanded }} & \underline{\text { Quantity Supplied }} \
\$ 1.00 & 7 & 1 \
\$ 2.00 & 6 & 2 \
\$ 3.00 & 5 & 3 \
\$ 4.00 & 4 & 4 \
\$ 5.00 & 3 & 5 \
\$6.00 & 2 & 6 \
\$ 7.00 & 1 & 7
\end{array}$

A)$1.00
B)$2.00
C)$3.00
D)$7.00
E)$10.00

Based on the Table Below, What Is the Total Amount