Identify the Surpluses. The graph to the right shows a supply curve and a demand curve...

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Identify the Surpluses. The graph to the right shows a supply curve and a demand curve and several areas in between. Identify the areas on the figure that represent the following: a. Consumer surplus in the market equilibrium: b. Producer surplus in the market equilibrium: c. Total surplus in the market equilibrium: d. Consumer surplus when the price is $6: e. Producer surplus when the price is $6: f. Total surplus when the price is $6: g. Consumer surplus when the quantity is 60: h. Producer surplus when the quantity is 60: i. Total surplus when the quantity is 60: Consumer and producer surplus 30- 28- 26- 24- 22- 20- 18 A 18- 16- 14- 12- B 10- D 6 Price 4- EL F - CE Supply Demand 0 20 40 60 80 100 120 140 160 180 Quantity Identify the Surpluses. The graph to the right shows a supply curve and a demand curve and several areas in between. Identify the areas on the figure that represent the following: a. Consumer surplus in the market equilibrium: b. Producer surplus in the market equilibrium: c. Total surplus in the market equilibrium: d. Consumer surplus when the price is $6: e. Producer surplus when the price is $6: f. Total surplus when the price is $6: g. Consumer surplus when the quantity is 60: h. Producer surplus when the quantity is 60: i. Total surplus when the quantity is 60: Consumer and producer surplus 30- 28- 26- 24- 22- 20- 18 A 18- 16- 14- 12- B 10- D 6 Price 4- EL F - CE Supply Demand 0 20 40 60 80 100 120 140 160 180 Quantity