Consumer Surplus

The difference between the price that consumers pay and the price that they are willing to pay.

NewInteractive Practice | MRU

How are consumers and producers affected by changes in market prices? This set of interactive questions helps students identify changes in consumer and producer surplus on a supply and demand graph. Deadweight loss is also illustrated.

What is Economic Surplus

When there is a significant increase in assets over the amount of liabilities a firm holds, it has an economic surplus. This article focuses on the term when it relates to producer and consumer surpluses.

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