Use the figure below to answer the following question. 
Figure 5.3.3
-Consider the demand and supply curves in Figure 5.3.3.If the market is at the competitive equilibrium,which area in the diagram indicates producer surplus?
Definitions:
Negatively Sloped
Describes a downward trend in a graph, indicating an inverse relationship between two variables, such as price and demand.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefit to society from the production and consumption of goods or services.
Producer Surplus
The discrepancy between the price sellers are ready to accept for an item and the price they actually receive.
Equilibrium Price
The cost point where the amount of a product or service consumers want to buy matches the amount available, resulting in a balanced market.
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