The following illustrates the market response to reports that experts expect higher prices in the future.

The following illustrates the market response to reports that experts expect higher prices in the future. Prices increase from $2 to $3 (P1=2 and P2=3) and quantity increases from 50 to 70 (Q1=50 and Q2=75). Presuming the supply curve intersects at the origin (0,0), what is producer surplus at the new market equilibrium?

Select one:

a. $105

b. $375

c. $210

d. $515