Finding consumer & producer surplus with demand & supply functions also total surplus with diagram

preview_player
Показать описание
The inverse demand and supply functions for a good are, respectively: Pd =100 - 1/2q and Ps =-20 + q
(a) Find the market equilibrium values of p and q.
(b) Sketch the 'diagram and highlight Consumer and Producer Surplus at equilibrium
(c) Find the consumers' surplus when the market is in equilibrium
(d) Find the producers' surplus when the market is in equilibrium:
(e) What is the measure of Total Surplus?
  1. Econ Examples Travis Klein
  2. economics
  3. consumer surplus
  4. producer surplus
  5. total surplus
Рекомендации по теме
How to Calculate 0:06:20

How to Calculate Producer Surplus and Consumer Surplus from Supply and Demand Equations | Think Econ

Markets: Consumer and 0:10:04

Markets: Consumer and Producer Surplus- Micro Topic 2.6

Consumer and Producer 0:05:05

Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition)

Y1 8) Consumer 0:08:54

Y1 8) Consumer and Producer Surplus

Micro: Unit 1.6 0:13:45

Micro: Unit 1.6 -- Consumer Surplus, Producer Surplus, and Deadweight Loss

How to Calculate 0:07:22

How to Calculate Consumer Surplus and Producer Surplus with a Price Ceiling

Producer surplus | 0:08:20

Producer surplus | Consumer and producer surplus | Microeconomics | Khan Academy

What Is Consumer 0:02:56

What Is Consumer Surplus?

Consumer surplus introduction 0:05:02

Consumer surplus introduction | Consumer and producer surplus | Microeconomics | Khan Academy

9. Supply and 0:47:49

9. Supply and Demand & Consumer/Producer Surplus

Consumers' Surplus , 0:22:51

Consumers' Surplus , Producers' Surplus & Total Surplus from demand & supply Func...

How to calculate 0:08:05

How to calculate changes in consumer and producer surplus with price and floor ceilings.

#shorts consumer surplus 0:00:59

#shorts consumer surplus and Producers'Surplus .

Consumers' Surplus Producers' 0:19:42

Consumers' Surplus Producers' Surplus from given Demand and Supply functions

Monopoly: Consumer Surplus, 0:09:09

Monopoly: Consumer Surplus, Producer Surplus, Deadweight Loss

Taxes on Producers- 0:05:58

Taxes on Producers- Micro Topic 2.8

Consumer/Producer Surplus & 0:05:34

Consumer/Producer Surplus & Deadweight Loss

Chapter 7: Consumer 0:54:52

Chapter 7: Consumer Surplus, Producer Surplus and the Efficiency of Markets - Part 1

How to CALCULATE 0:07:11

How to CALCULATE Consumer Surplus [WITH EXAMPLE] | Think Econ | Microeconomic Concepts

What is Consumer 0:05:38

What is Consumer Surplus? | Think Econ | Microeconomic Concepts

Microeconomics - Calculating 0:07:13

Microeconomics - Calculating Consumer and Producer Surplus

Consumer/Producer Surplus 0:09:34

Consumer/Producer Surplus

Animation on How 0:07:20

Animation on How to Calculate Consumer Surplus Producer Surplus with a Price Floor

Consumer Surplus and 0:10:01

Consumer Surplus and Producer Surplus in the Linear Demand and Supply Model