In the case of other things, being constant producer sells goods for lower price will make less money. Thus, option 3rd is correct.
Who is producer?
Producer refers to the person involved in the activity of production of the goods and services. He is one who fulfills the need and desire of the customers in order to earn more and more profits. He takes various activities for profit maximization.
In the case when other things being equal or kept at the constant rate and producer sells this commodity at the lower prices, then it is intended that producer will earn less money as he used to earn before changing the price levels.
Therefore, it can be concluded that producer who sells the commodity at the lower prices will earn lower income as compared to the previous one. Hence, option 3rd is correct.
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