The graph below represents the market for alfalfa.The market price is $7.00 per bushel.Identify the areas representing consumer surplus,producer surplus,and economic surplus. 
Definitions:
Long-Range Marketing Plans
Strategic frameworks that outline marketing goals and initiatives over an extended period, typically spanning several years, to achieve long-term business objectives.
Portfolio Analysis
A tool used by businesses and investors to assess the performance of their product mix or investments and make decisions about where to allocate resources.
Marketing Initiatives
Marketing initiatives are strategic actions taken by businesses to promote their products or services, aiming to increase brand awareness and drive sales.
Marketing Organization
An organized group of individuals working together to plan, execute, and monitor marketing strategies and activities to reach desired consumer segments.
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