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3. Total economic surplus The following diagram shows supply and demand in the market for tablets. Use the black point (plus symbol) to indicate the

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3. Total economic surplus The following diagram shows supply and demand in the market for tablets. Use the black point (plus symbol) to indicate the equilibrium price and quantity of tablets. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. Demand 300 270 Equilibrium 240 A 210 Consumer Surplus 180 PRICE (Dollars per tablet) 150 120 Producer Surplus 90 60 20 Supply 30 60 90 120 150 180 210 240 270 3 QUANTITY (Millions of tablets) Total surplus in this market is | $ million

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