The diagram below shows supply, demand, and quantity exchanged of Monday matinee movie tickets. Assume it is a perfectly competitive market. 
FIGURE 12- 4
-Refer to Figure 12- 4. What is the value of the producer surplus generated in this market at the free- market equilibrium?
Definitions:
Disposable Income
Fiscal resources for households' utilization in spending and saving post income tax processing.
Consumption
The employment of goods and services by domestic units.
Savings
The portion of disposable income not spent on consumption of goods and services, set aside for future use or for investment.
Disposable Income
The financial resources available to a household for saving and spending after subtracting income taxes.
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