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 P2 to P3?
Definitions:
Obligor
A person or entity legally bound to provide a payment, service, or other benefit to another (the obligee) under the terms of a contract or legal agreement.
Negotiable Instrument
A formal written notice ensuring a particular sum of money will be paid, either immediately when asked or at a certain date, with the document specifying who is to pay.
Promissory Note
A written, legally binding document in which one party promises to pay another a specific sum of money, either on demand or at a defined future date.
Maker
The individual or entity that creates or signs a promissory note, thereby agreeing to pay the note's value at maturity.
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