Microeconomics Theory and Applications Chapter 5 Exercises

00:00 Chapter 5 Consumer welfare and policy analysis,
00:10 Uncompensated demand and consumer surplus,
02:12 Compensating variation and equivalent variation,
04:38 Welfare effects of quotas and food stamps,
05:09 Substitution effect, income effect, and labor supply curves

#consumer_surplus #compensating_variation #equivalent_variation