PRICE (Dolars per used smart device] 200 300 240 180 8 9 Carlos Janet Felix Deborah Megan Larry QUANTITY (Used smart devices) Region X (the purple shaded area) represents total producer surplus when the market price is equal to area) represents while Region Y (the grey shaded when the market price In the following table, indicate which statements are true or false based on the information provided on the previous graph Statement True False Assuming each seller receives a positive surplus, Carlos will always receive less producer surplus than Deborah. Producer surplus is smaller when the price is $210 than when it is $150. 0 In order for Megan to earn a producer surplus of exactly $90 from selling a used smart device, the market price must be

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