Only area f represents producer surplus due to a

The following graphs and table summarize the results:

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2. Taxes and welfare
Consider the market for mountain bikes. The following graph shows the demand and supply for
mountain bikes before the government imposes any taxes.
First, use the black point (plus symbol) to indicate the equilibrium price and quantity of mountain
bikes in the absence of a tax. Then use the green point (triangle symbol) to shade the area
representing total consumer surplus (CS) at the equilibrium price. Next, use the purple point (diamond
symbol) to shade the area representing total producer surplus (PS) at the equilibrium price.

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