Use the following to answer question: 
-(Figure: Producer Surplus II) Look at the figure Producer Surplus II.At a price of P1,producer surplus equals the area:
Definitions:
Estate in Land
The degree, quantity, nature, and extent of interest a person has in real property, which can range from full ownership to temporary rights.
Lease Agreement
A contract outlining the terms under which one party agrees to rent property owned by another party.
Lessor
The party in a lease agreement that owns the leased property and grants its use to another party, known as the lessee, for a specified period.
Valuable Broach
A piece of jewelry, especially a large decorative pin or clasp, that is considered of high monetary or sentimental value.
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