Question: Please explain how to do the attached problem and the correct answer. equilibrium price. Supply and demand curves for a product are shown in the

Please explain how to do the attached problem and the correct answer.

equilibrium price. Supply and demand curves for a product are shown in the following figure. Estimate the producer surplus at the 100 P ( $) 80 S 60 40 20 D 20 40 60 80 100 3000 2800 50 1200 1500

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