Consumer Surplus and Producer Surplus

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The additional benefits enjoyed by consumers pay less than they are willing to pay and by producers who sell for a price higher than they are willing to sell for are known as consumer and producer surplus. Together they make up the "total welfare" of a market. This lesson introduces and explains these concepts, important for understanding what makes the market system effective at meeting society's wants and needs.

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Your explanations are concise and straight to the point. Thank you so much for this

asogwaekene

Awesome video, I was having problems understanding this, but after having listened to your video. It was crystal Clear!!!!

AlexetRex

Very good explanation and summary. Way better than what was taught in classes :)

shuzhen

I LOVE YOU! THANK YOUUU THIS CLEARED THIS UP FOR ME. I LITERALLY SPEND THE WHOLE DAY RE READING THIS CHAPTER IN MY TEXTBOOK THAT COVERS THIS AND COULD NOT UDNERSTAND IT.. IDK WHY??? BUT AFTER WATCHING THIS AT 2 AM I GET IT!! thank you jason!!! <3 king

karan_karan_karan

You're an amazing teacher. God bless you!

fajrabbas

On point. Thank you! You saved a lot of my time that can now be spent on gaming. I think; I am having consumers' surplus here!

AsifHossainSojib

You are amazing teacher, I have simply understand this topic with ease

theophilusmfum

Very clear and to the point explanation. Thanks 👍

bhoopendragupta

Great job. Thank you as am preparing for my exam in the next 4hrs

Aj.-

Thank you, this was very well explained and helped me in my studies!

miissmooshie

I just grasped this concept !!! Thanks so much for this😊😊

desreeisibor

Thank you so much man! this video is very helpful and easy to understand. ;)

andresb

Thank you! This video was really helpful!

joycelinitza

thank you for making this concept easier, please make more videos.

thegrindsetclub

Are producer surplus and consumer surplus equal at equilibrium point?thanks😊

thl

"Beef" fore 5:23

I see what you did there

blueguy

if government fixed the price of any goods then there is producer surplus or consumer surplus. give reson plz

MuhammadTahir-phgs

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