We believe markets to be officher because they maxime total surplus maxime consumer surplus and minimize producer Surplus maxime profits for businesses result in the best outcomes possible for all citizens. 0.3409 points QUESTION 2 When looking at a wedly and demand graph, you would fed producer surplus above the demand curve and below the supely curve, below the demand curve and above market price above the demand curve and above the supply curve. below market price and above the supply curve 0.3409 points QUESTION 3 The current price of a pair of plain white socks is $5.00. Two consumers are willing to pay $650 and $800. respectively a pair of plain white socks. Two sock manufacturers are willing to sell plain white Books for as little as $400 and 54.50 pair What is the total producer AND Consumer surplus in this marker? pairs of socks $4.50 e $1.50 0.3409 points