Difference between revisions of "Consumer surplus"

Revision as of 23:49, November 24, 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.
+#REDIRECT [[Consumer surplus]]
-The [[social loss]] caused by a [[monopoly]] is the lost consumer surplus.
-[[Category:Economics]]