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The graph you've provided shows the intersection of supply and demand curves, with various areas labeled. Based on standard economic principles, here's how we can interpret the areas:

### 1. **Consumer Surplus:**
Consumer surplus is the area above the price level and below the demand curve, up to the equilibrium quantity. This represents the difference between what consumers are willing to pay and what they actually pay. 

- **Consumer surplus** is typically the area above the price (horizontal line) and below the demand curve (the downward-sloping blue line).
- In this case, **Area A** represents consumer surplus.

### 2. **Producer Surplus:**
Producer surplus is the area below the price level and above the supply curve, up to the equilibrium quantity. This represents the difference between what producers are paid and their cost of production.

- **Producer surplus** is typically the area below the price (horizontal line) and above the supply curve (the upward-sloping red line).
- In this case, **Area B** represents producer surplus.

### 3. **Social Surplus:**
Social surplus, or total surplus, is the sum of consumer surplus and producer surplus. It is the total benefit to society from the production and consumption of goods, and it includes both the producer and consumer surpluses.

- **Social surplus** would be the combined areas of consumer surplus and producer surplus.
- In this case, **Areas A and B** represent social surplus.

### Answers:
1. **Consumer Surplus:**
   - **A**

2. **Producer Surplus:**
   - **B**

3. **Social Surplus:**
   - **A and B**

Do you need further clarification on any of these concepts? Here are five related questions to deepen your understanding:

1. What happens to consumer and producer surplus if the price is set above the equilibrium price?
2. How would a price ceiling or price floor affect the areas of consumer and producer surplus?
3. What is deadweight loss, and how does it relate to the social surplus?
4. How does a shift in the supply or demand curve affect consumer and producer surplus?
5. Can you explain the difference between social surplus and economic efficiency?

**Tip:** In economic graphs like this, understanding the relationship between the demand and supply curves helps to identify key areas, such as surpluses and deadweight losses.

Consider the labeled areas on the graph. Select every area on the graph that represents consumer surplus, producer surplus, and social surplus.

This problem involves identifying consumer surplus, producer surplus, and social surplus on a supply-demand graph. Based on the standard economic model, it covers key microeconomic concepts. Suitable for students in Grades 11-12.

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