Answer:
$250
This because out of the total surplus, the surplus left after being received by the consumer goes to the producer.
Explanation:
Data provided in the question:
Price of tomato = $10
Equilibrium quantity = 50 tomatoes
Consumer surplus = $400
Total surplus = $650
Now,
The producer surplus = Total surplus - Consumer surplus
= $650 - $400
= $250
This because out of the total surplus, the surplus left after being received by the consumer goes to the producer.
