The supply curve of a commodity is given by the equation :

The supply curve of a commodity is given by the equation :
Qs = 40P – 60 (P is measured in $, Q is measured in millions of units)
A fall in demand caused by increased availability of substitutes for consumers leads to a fall in the market price of this commodity from $6 to $4.
The loss in producer surplus for the producers of this commodity from the change is:
A. $ 280m
B. $ 160m
C. $ 140m
D. $80 m    
Explain your answer.
 
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