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Question 1

The graph below shows the supply and demand curves for burritos.

Graphing window shows horizontal axis: 0 to 13, vertical axis: 0 to 13. Start Graph, Color red

xy
01
12
23
34
45
56
67
78
89
910
1011
1112
1213
1314
Start Graph, Color blue
xy
012
111.167
210.333
39.5
48.667
57.833
67
76.167
85.333
94.5
103.667
112.833
122
131.167
Label "Quantity of burritos" at pixel coordinates (175,0).Label "Price of burritos" at pixel coordinates (0,170).Label "Demand" at (1,12+1). Label "Supply" at ((13-1)/ 1,11).

What is the size of consumer surplus?

 

 

Hint


Question 2
What is the size of producer surplus?

 

Hint 


Question 3
What is the size of social (total) surplus?

 

Hint