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Consumer surplus (view source)

Revision as of 03:13, May 16, 2007

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Consumer Surplus is the net benefit a consumer obtains from buying a good. In supply and demand models, consumer surplus is represented as the value (price times quantity) captured above the price level but below the demand curve.  
 
Consumer Surplus is the net benefit a consumer obtains from buying a good. In supply and demand models, consumer surplus is represented as the value (price times quantity) captured above the price level but below the demand curve.  
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The lost Consumer Surplus is the [[social cost]] of a [[monopoly]].
    
[[Category:Economics]]
 
[[Category:Economics]]
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