What is Consumer Surplus? | Think Econ | Microeconomic Concepts

Have you ever wondered to yourself: "What is Consumer Surplus?" In this video we explain what Consumer Surplus is, how you can calculate Consumer Surplus, and what it looks like on a Supply and Demand graph. In the near future we will go over an algebraic solution to show you exactly how to calculate consumer surplus given the demand and supply equations!

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[owenthomas]

Great video! Can you make one about Deadweight Loss and Producer Surplus as well?

[savage]

So technically, is a product sale just a way to exploit consumer surplus and increase the amount of customers purchasing a product?

[nonsoottih]

Barely any explanation here in my opinion