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  • P-C Surpluses

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    Wajiha Rajani
    17 views4 pages
    1. This document discusses consumer surplus and how it is calculated as the difference between what consumers are willing to pay for a good and the price they actually pay. 2. It provides an example where consumer surplus is the area under the demand curve and above the price line, representing total satisfaction minus total expenditure. 3. A change in price from $3 to $4 per unit results in a change in consumer surplus that can be calculated using the demand curve and new price.

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    9. P-C surpluses

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    1. This document discusses consumer surplus and how it is calculated as the difference between what consumers are willing to pay for a good and the price they actually pay. 2. It provides an example where consumer surplus is the area under the demand curve and above the price line, representing total satisfaction minus total expenditure. 3. A change in price from $3 to $4 per unit results in a change in consumer surplus that can be calculated using the demand curve and new price.

    Copyright:

    © All Rights Reserved
    Flag for inappropriate content
    17 views4 pages

    P-C Surpluses

    Uploaded by

    Wajiha Rajani
    1. This document discusses consumer surplus and how it is calculated as the difference between what consumers are willing to pay for a good and the price they actually pay. 2. It provides an example where consumer surplus is the area under the demand curve and above the price line, representing total satisfaction minus total expenditure. 3. A change in price from $3 to $4 per unit results in a change in consumer surplus that can be calculated using the demand curve and new price.

    Copyright:

    © All Rights Reserved
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    of 4

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