Producer Surplus and Willingness to Sell

5. Consumer and Producer Surplus; Price Ceilings and Price Floors / Willingness to Sell and Producer Surplus / Problem 5

Problem 5

In a small market with sellers willing to sell at \$5, \$7, and \$9, if the market price is \$10, what is the total producer surplus?

\$21

\$10

\$3

\$9