Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.
Equilibrium in this market occurs at the intersection of curves S and D. 
Figure 4.6
-Refer to Figure 4.6. If price is P1, producer surplus is area
Definitions:
Insufficient Funds
A situation where an account does not have enough money to cover a transaction, resulting in rejection or fees.
Dishonored Check
A check that a bank refuses to honor or pay because the account holder does not have sufficient funds.
Dishonor
The refusal or inability to fulfil an obligation, especially in relation to financial instruments like checks or promissory notes.
Nonpayable
Relates to a financial situation where a sum of money is not eligible to be paid out, often due to specific terms or conditions not being met.
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