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This chapter introduces the readers to consumer and producer surplus. After reading this chapter and working on the practice questions, the learners should be able to understand what consumer surplus (CS) and producer surplus (PS) measure; calculate CS and PS; analyze the efficiency of a free, competitive market in equilibrium; and apply the concepts of CS and PS to the real world.

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Consumer Surplus and Producer Surplus

  • 章节

  • 发表日期：

    2025年

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  • Stefani Milovanska-Farrington

摘要

This chapter introduces the readers to consumer and producer surplus. After reading this chapter and working on the practice questions, the learners should be able to understand what consumer surplus (CS) and producer surplus (PS) measure; calculate CS and PS; analyze the efficiency of a free, competitive market in equilibrium; and apply the concepts of CS and PS to the real world.