Course

Consumer Surplus

Instructor: Tyler Cowen, George Mason University

Consumer Surplus : The consumer’s gain from economic exchange. It is calculated by taking the difference between the maximum price a consumer is willing to pay and

Consumer Surplus: The consumer’s gain from economic exchange. It is calculated by taking the difference between the maximum price a consumer is willing to pay and the market price. This is from the video “A Deeper Look at the Demand Curve” in the Principles of Microeconomics course.

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