How to Find Total Surplus?

Identify the demand curve and supply curve

Find the market equilibrium price and quantity

Calculate consumer surplus as the area below the demand curve and above the equilibrium price, up to the equilibrium quantity

Calculate producer surplus as the area above the supply curve and below the equilibrium price, up to the equilibrium quantity

Add consumer surplus and producer surplus

Use the formula: Total Surplus = Consumer Surplus + Producer Surplus

For linear curves, compute each surplus as the area of a triangle or trapezoid if applicable

For discrete values, sum the differences between willingness to pay and price for buyers, and price and cost for sellers

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