in the following figure, which area represents producer surplus? in this graph, the y-axis is price and the x-axis is quantity. there are two lines representing supply and demand. the supply line has an upward slope, and the demand line has a downward slope. both lines intersect at an unlabeled point. a vertical dotted line, line q1, extends from the point where the supply and demand lines cross to the x-axis. the region below p1 and above the supply line is area c. another horizontal line above p1 runs from the demand line to the y-axis, about halfway between p1 and the point where the demand line touches the y-axis. the region below this second horizontal dotted line, below the demand line, and above p1 is labeled area b. the region above the second horizontal dotted line and below the demand line is labeled area a. question 36 options: a) area a b. b) area c. c) area a. d) area b.
