Assume There Are Three Hardware Stores, Each Willing to Sell

Multiple Choice

Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot could offer a hammer for a minimum of $7. Lace Hardware could offer a hammer for a minimum of $10. Bob's Hardware could offer a hammer for a minimum of $13.If the market price of hammers increased from $6 to $7, what would happen to total producer surplus?

A) It would increase.
B) It would remain unchanged.
C) It would decrease.
D) We cannot determine this with the information given.