Use the following to answer question
Figure: Determining Surplus 5
-(Figure: Determining Surplus 5)According to the graph,at equilibrium,consumer surplus is ______ and producer surplus is ______.

Question

Use the following to answer question 
Figure: Determining Surplus 5 
-(Figure: Determining Surplus 5)According to the graph,at equilibrium,consumer surplus is ______ and producer surplus is ______.

Quizplus · Accepted Answer

At equilibrium, consumer surplus is the area below the demand curve and above the equilibrium price, which is $400. Producer surplus is the area above the supply curve and below the equilibrium price, which is $200.

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