Use the following to answer questions:
Figure: The Market for Books 
-(Figure: The Market for Books) Look at the figure The Market for Books. At the equilibrium price of $24, find the total surplus in the market for books.
Definitions:
Economic Well-being
A measure of how individuals or societies prosper economically, factoring in income, employment, and access to goods and services.
GDP
Gross Domestic Product, which is the total market value of all final goods and services produced within a country in a specific period.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate measure of economic growth by reflecting the value of all goods and services produced at constant prices.
Deflation
A drop in the overall cost of goods and services, frequently resulting from a decrease in the availability of money or credit.
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