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8. Total economic surplus The following diagram shows supply and demand in the market for tablets. Use the black point (plus symbol) to indicate the
8. 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 fil the area representing producer surplus. Demand 300 270 240 210 Equilibrium Consumer Surplus g 180 150 120 Producer Surplus 0 90 Supply 60 30 0 20 40 60 800 120 140 160 180 200 QUANTITY (Millions of tablets) Total surplus in this market is $ million
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