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Intro to consumer surplus: definition and graphical calculation
📝 My Notes
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Intro to consumer surplus: definition and graphical calculation
5:37
About this lesson
- Willing to pay vs actually pay
- Algebraic Calculation of Consumer Surplus
- Graphical Calculation of Consumer Surplus
- An Example
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Video 1 of 15
Intro to consumer surplus: definition and graphical calculation
6 min
• Selected
Understanding producer surplus with a graphical example
5 min
Calculating economic surplus by combining consumer and producer surplus
4 min
Finding market equilibrium from demand and supply equations
2 min
Calculating consumer surplus using the triangle area formula
5 min
Finding equilibrium when demand and supply intersect at zero quantity
2 min
Finding consumer surplus when demand and supply intersect at the y-intercept
3 min
Finding producer surplus from demand and supply equations
3 min
Calculating producer surplus using the area of a triangle
3 min
Finding market equilibrium from linear demand and supply equations
2 min
Calculating producer surplus using the triangle area formula
4 min
Finding market equilibrium with linear demand and supply curves
2 min
Calculating consumer surplus using the triangle area method
5 min
Calculating producer surplus using the triangle area formula
3 min
Calculating economic surplus from consumer and producer surplus
1 min