Business, 18.10.2019 19:00 ajames2182

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. if the market price of price of hammers increased from $8 to $11:
a. total producer surplus would increase by $3.
b. total producer surplus would increase by $6.
c. total producer surplus would increase by $9.
d. total producer surplus would increase by $4.

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