How is total economic surplus represented on a graph?

The total economic surplus is represented on a graph by the intersection of the supply and demand curve. Quantity is represented on the x-axis, and price on the y-axis. The demand curve slopes down from a higher price to a lower quantity. The supply curve ascends from low price to high quantity.

What is economic surplus?

Economic surplus is a relationship between consumers and producers who benefit from a transaction. It is an aggregation of profits acquired by consumers and profits acquired by producers. It is also referred to as community surplus. You are free to use this image on your website, templates, etc, Please provide us with an attribution link

What is the difference between a consumer surplus and a producer surplus?

from the overproduction of oranges is represented by the purple (lost consumer surplus) and orange (lost producer surplus) areas on the graph. Consumer and producer surplus together represent the total surplus, or total welfare in a market.