What Is Consumer Surplus?
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YouTubeMarginal Revolution University
What Is Consumer Surplus?
How to calculate consumer surplus using demand curves, and understand how it reflects the difference between willingness to pay and market price. Consumer surplus is the consumer's gain from exchange. It's the difference between the maximum price that the consumer is willing to pay for a given quantity, and the market price the consumer ...
203.1K viewsAug 28, 2018
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