Use the following to answer questions:
Figure: Change in the Total Surplus 
-(Figure: Change in Total Surplus) Look at the figure Change in Total Surplus. Which of the following areas represent the change in total surplus when the price falls from P1 to P2?
Definitions:
Price Discrimination
A selling strategy where a provider charges different prices for the same product or service to different customers, not based on the cost of production.
Arbitraging
The process of buying and selling assets across different markets or in different forms to exploit price differences for profit.
Vertical Integrate
A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.
Free Riding Problem
A situation in which individuals benefit from resources, goods, or services without paying for them, leading to under-provision or depletion of those resources.
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