(Solved): The following graph shows the supply curve for a group of sellers in the U.S. market for smartphon ...

The following graph shows the supply curve for a group of sellers in the U.S. market for smartphones (orange line). Each seller has only one smartphone to sell. The market price of a smartphone is shown by the black horizontal line at \( \$ 105 \). Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for Charles, green (triangle symbols) for Dina, purple (diamond symbols) for Gilberto, tan (dash symbols) for Juanita, and orange (square symbols) for Lorenzo. (Note: The name labels are to the right of the corresponding segment on the supply curve.) Use the rectangles to shade the areas representing producer surplus for each person who is willing to sell a smartphone at a market price of \( 105 . \) (Note: If a person will not sell a smartphone at the market price, indicate this by leaving his or her rectangle in its original posite.) Based on the information on the preceding graph, you can tell that will sell smartphones at the given market price, and total producer surplus in this market will be Suppose the market price of a smartphone increases to \( \$ 165 . \) On the following graph, use the rectangles once again to shade the areas representing producer surplus for each person who is willing to sell a smartphone at the new market price: blue (circle symbols) for Charles, green (triangle symbols) for Dina, purple (diamond symbols) for Gilberto, tan (dash symbols) for Juanita, and orange (square symbo/s) for Lorenzo. (Note: If a person will not sell a smartphone at the new market price, indicate this by leaving his or her rectangle in its original position on the palette.) Based on the information in the second graph, when the market price of a smartphone increases to \( \$ 165 \), the number of sellers willing to sell smartphone