V

a Homework (Ch 07) ng.cengage.com TCC Jhoel v My Home Courses Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback Home Page - Tarrant County College MindTap - Cengage Learning CENGAGE I MINDTAP Homework (Ch 07) 8. Total economic surplus The following graph plots the supply and demand curves in the market for motor scooters. Use the black point (plus symbol) to indicate the equilibrium price and quantity of motor scooters. 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. Course Hero Q Search this course A-Z CQ S 175 100 o e o 250 225 Demand 200 150 125 75 50 25 Supply o 90 Equilibrium Consumer Surplus Producer Surplus 900 180 270 360 450 540 630 720 QUANTITY (Millions of scooters) Total surplus in this market is 810 million.