Question: The supply and demand curves have equations p = S(q) and p = D(q), respectively, with equilibrium at (q , p ). Using

The supply and demand curves have equations p = S(q) and p = D(q), respectively, with equilibrium at (q∗, p∗).

Using Riemann sums, give an interpretation of producer surplus, ∫q∗0 (p∗ − S(q)) dq, analogous to the interpretation of consumer surplus.

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