What happened to producer surplus in the market

Reference no: EM13221576

Suppose that last year the equilibrium price and the quantity of good X were $20 and $10 million pounds. Because of strong demand this year equilibrium price and quantity of good X are $30 and 15 million pounds. Assuming that the supply curve of good X is linear, what happened to producer surplus in the market?

Reference no: EM13221576

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