Exhibit 2 Price Supply P2 P1 Q1 Q2 Quantity Use Exhibit 2. Which of the following statements is (are) correct? (x) When the price rises from P1 to P2, producer surplus in the market increases by an amount equal to F+ G. (y) Area G represents producer surplus to new producers entering the market as the result of price rising from P1 to P2. (z) Area H + F represents the increase in producer surplus to those producers already in the market when price rises from P1 to P2. Select one or more: O a (x). (y) and (z) Ob (x) and (y) only Oc (x) and (2) only od (y) and (2) only e (x) only

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