nsTeam1RO, nsTeam1RW, nsTeam1_talkRO, nsTeam1_talkRW
11,789
edits
Changes
Jump to navigation
Jump to search
mLine 1:
Line 1: − + − dc − In a [[ettbhonopolydscdscdccccccccccccccccccccccccccccccccc cb uiwqebcohqcweuil hc;oin wioeqcm iwniuovnu rnucnuvneun ue nuw nu nu ewn unvwueoi vnrewng. − dxsadcasd − xsxsxsx xs FC TBVRSFDb wtrtvw tv+ − v − w − v − cdsc dds cd vc gv g bh qw fer − fffffffffffffffffffffffffffffffffffffffffffff+ − fw edc − v − w − − v
Reverted edits by Frijic (Talk); changed back to last version by Philip J. Rayment
'''Consumdscer surplus''' cdscdscis the net benefit a c fwerfonsumer obtaincdscsdcs from buying a good. In supply and demand models, consumer surplus is reprcesented as the value (price times quantity) crewf wfptured 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.
In a [[monopoly]], the loss in [[total surplus]] (known as [[social loss]]) is from a reduction is the consumer surplus while [[producer surplus]] does not rise accordingly. However, if a monopoly can perfectly [[price discrimination|price discriminate]] the consumer surplus in the market will be zero, since the monopoly extracts all benefits — however, there will not be any [[deadweight loss]] and the market will be efficient.
[[Category:Economics]]