Assume there are three hardware stores,each willing to sell one standard model hammer in a given time period.House Depot can offer their hammer for a minimum of $7.Lace Hardware can offer the hammer for a minimum of $10.Bob's Hardware store can offer the hammer at a minimum price of $13. Given the scenario described,if the market price of hammers was $12,then total producer surplus would be:
A) $7.
B) $9.
C) $17.
D) $30.

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The Answer of Assume there are three hardware stores,each willing to sell one standard model hammer in a given time period.House Depot can offer their hammer for a minimum of $7.Lace Hardware can offer the hammer for a minimum of $10.Bob's Hardware store can offer the hammer at a minimum price of $13. Given the scenario described,if the market price of hammers was $12,then total producer surplus would be:
A) $7.
B) $9.
C) $17.
D) $30.

Assume There Are Three Hardware Stores,each Willing to Sell One