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4 . Total economic surplus The following graph plots the supply and demand curves in the market for VR headsets. Use the black point (plus
4 . 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 (diamond symbol) to fill the area representing producer surplus. 350 315 Equilibrium 280 Demand A 245 Consumer Surplus 210 175 PRICE (Dollars per headset) 140 Producer Surplus 105 70 Supply 35 85 170 255 340 425 5 510 595 680 785 850 QUANTITY (Millions of headsets) Total surplus in this market is $ million
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