The amount of producer surplus will increase if the market clearing price increases.
The price at which the amount provided and the quantity requested are equal is known as the market-clearing price. The market can only be "cleared" or balanced by this price. Prices tend to increase to market-clearing levels as a result of market competition.
When you have more of anything than you need or intend to utilize is known as surplus. For example, When you prepare a meal you have an excess of food if there is any leftover after everyone has finished eating. You have three options: discard the food, store it, or try to find a neighbor or other potential consumer.
So, when the price rises above its market-clearing price, sellers want to sell more units than buyers want to buy.
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