Consumer's Surplus & Producer's Surplus Explained |
Автор: Dr. Sunil Sarbhangia
Загружено: 2025-10-22
Просмотров: 256
Consumer's Surplus and Producer's Surplus Explained | @Dr.SunilSarbhangia
In this video you’ll learn what consumer surplus and producer surplus mean, why they matter, and how to calculate them with clear examples. Whether you’re studying microeconomics, preparing for exams (like GCSE, A-Level, or college), or just curious about how markets work — this video is for you.
✅ We cover:
• Definition of consumer surplus and producer surplus
• Graphical representation on supply & demand curves
• How to calculate surplus with numerical examples
• Real-world applications: how cost, price, and market shifts affect surplus
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