The producer surplus change as the equilibrium price of a good rises or falls, the producer surplus decreased.
What is equilibrium?
Equilibrium is the scientific word describing the harmony of force and action. The level of supply and demand must be equal in order for there to be an economic equilibrium. The cost remains steady. Three categories of equilibrium are frequently used: stable, unstable, and neutral.
The producer surplus change as the equilibrium price of a good rises or falls, means the goods prices are the rises, surplus of the producer increased, price was the decreased, the producer surplus decreased.
As a result, the producer surplus decreased, the price are the fall.
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