Consumer and Producer Surplus
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/5
There's no tags or description
Looks like no tags are added yet.
Last updated 9:09 AM on 12/19/24
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
6 Terms
1
New cards
Consumer Surplus
Difference between a consumer’s willingness to pay and what they actually pay
2
New cards
Where is Consumer Surplus
A shape below the demand curve and above the price line
3
New cards
Where is producer surplus
A shape above the supply curve and below the price line
4
New cards
Producer Surplus
Difference between what a producer is willing to sell their g/s for and what they actually sell for
5
New cards
Society Surplus
Total surplus from consumer and producer surplus.
6
New cards
Surplus Triangle
Graphical representation of consumer or producer surplus.
Note 
Flashcards (76)