What is Consumer Surplus
Consumer Surplus is the difference between the total amount that consumers are willing and able to pay and the total amount that they actually do pay. It is the area located below the demand curve and above the equilibruim price.
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http://imgbuddy.com/consumer-surplus-perfect-competition.asp
How to Calculate Consumer Surplus
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Try the three questions below and then scroll down to find the answers.
Bibliography
How to Calculate Consumer Surplus. (n.d.). Retrieved June 10, 2015, from https://www.youtube.com/watch?v=0hBIwRqTwmY .
(n.d.). Retrieved June 10, 2015, from http://imgbuddy.com/consumer-surplus-perfect-competition.asp
Consumer Surplus. (n.d.). Retrieved June 10, 2015, from http://beta.tutor2u.net/economics/reference/consumer-surplus
(n.d.). Retrieved June 10, 2015, from http://imgbuddy.com/consumer-surplus-perfect-competition.asp
Consumer Surplus. (n.d.). Retrieved June 10, 2015, from http://beta.tutor2u.net/economics/reference/consumer-surplus