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1 . Total economic surplus The following graph plots the supply and demand curves in the market for VR headsets. Use the black point (plus

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1 . Total economic surplus The following graph plots the supply and demand curves in the market for VR headsets. Use the black point (plus symbol) to indicate the equilibrium price and quantity of VR headsets. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (charrond symbol) to fill the area representing producer surphs. 750 Demand Equilibrium 280 245 A 214 Consumer Surplus 175 PRICE (Dollars per headset) 140 Producer Surplus 108 Supply 0 109 220 275 230 394 460 406 850 QUANTITY (Millions of headsets)40 Producer Surplus PRICE Doll Supply 110 105 220 275 330 385 440 495 550 QUANTITY (Millions of headsets) Total surplus in this market is million

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