ConsumerSurplus

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How to calculate consumer's surplus and producer's surplus using the demand and supply curves. How to calculate compensating variation and equivalent variation, including graphical analysis.
  1. Katherine Silz-Carson
  2. Consumers Surplus
  3. Compensating Variation
  4. Equivalent Variation
  5. Producer Surplus
  6. Microeconomics
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Комментарии
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your voice is so clear, this is the first video I've seen where youtube's automatically generated subtitles perfectly match what is being said in the video

colourfulparrot
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But the inverse demand curve tells you what the price p1 must be given that x1 is some optimal qty given that m and p2 are fixed, known constants in our demand function. How does p1 represent the ‘willingness’ surely it represents what p1 has to be if we are to exhaust our budget.

aidenstonehouse
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It is soooo helpful!!! Thank you so much!!!

xiaonengxu
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Good vids but in this one you didn't actually explain how to solve CV and EV...

burgienewbs
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I think the vertical distance is equal to CV or EV only if price is 1, other way it's CV/p2, right?

leonardoochoaruiz
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Difference between cv and ev wiyj exampes

surabcreations