The following graph plots the supply and demand curves in the market for VR headsets.Use the black point (plus symbol) to indicate the equilibrium price and quantity of VR headsets. Then use the green point (triangle symbol) to fill thearea representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus.PRICE (Dollars per headset)25022520037515012510075502500DemandSupply50 75 100 125 150 175 200 225 250QUANTITY (Millions of headsets)Total surplus in this market is smillion+EquilibriumAConsumer SurplusProducer Surplus 8. Total economic surplusThe following graph plots the supply and demand curves in the market for VR headsets.Use the black point (plus symbol) to indicate the equilibrium price and quantity of VR headsets. Then use the green point (triangle symbol) to fill thearea representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus.PRICE (Dollars per headset)2502252001751501005025Demand0Supply25 NO 75 100 125 100QUANTITY BUN175200225 250+EquilibriumAConsumer SurplusProducer Surplus

Equilibrium in the market occurs at the intersection of the demand and supply curves. Consumer…

The following graph plots the supply and demand curves in the market for VR headsets. Use the black point (plus symbol) to indicate the equilibrium price and quantity of VR headsets. 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.