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Based on the Table Below, What Is the Total Amount

Question 6

Multiple Choice

Based on the table below, what is the total amount of producer surplus assuming this market reaches equilibrium?  Price  Quantity Demanded  Quantity Supplied $1.0071$2.0062$3.0053$4.0044$5.0035$6.0026$7.0017\begin{array}{lcc}\underline{\text { Price } }&\underline{ \text { Quantity Demanded }} & \underline{\text { Quantity Supplied }} \\\$ 1.00 & 7 & 1 \\\$ 2.00 & 6 & 2 \\\$ 3.00 & 5 & 3 \\\$ 4.00 & 4 & 4 \\\$ 5.00 & 3 & 5 \\\$6.00 & 2 & 6 \\\$ 7.00 & 1 & 7\end{array}


A) $1.00
B) $2.00
C) $3.00
D) $7.00
E) $10.00

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