Producer Surplus and Willingness to Sell

Let's analyze some details of the supply curve.

Concept: Producer Surplus in a Small Setting

12m

Concept: Producer Surplus and Market Supply

6m

Example: Producer Surplus

3m

Problem: Use the graph for funky-fresh rhymes above. If a shift in demand causes equilibrium price to increase from $3,000 to $5,000 per funky-fresh rhyme, what is the change to producer surplus? 

7m