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. Suppose a disequilibrium price of $7.50 per movie ticket is imposed on this market. The total economic surplus is now _ , which is than the total economic surplus generated at the allocatively efficient level of output.
Definitions:
Featureless Red Background
An artistic technique or style where the background of an artwork is left intentionally undetailed and painted in solid red to focus attention on the subject.
Large-Scale Slide Images
Photographic or graphic images that are projected onto a large surface, often used in presentations, exhibitions, or installations to create visual impact.
Homeless
The state of being without a permanent place of residence or shelter, affecting individuals and families globally due to a variety of socio-economic factors.
Krzysztof Wodiczko
A contemporary artist known for his large-scale slide and video projections on architectural facades and monuments, often addressing social and political issues.
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