Difference between revisions of "Consumer surplus"

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m (Consumer Surplus moved to Consumer surplus: Conform to revised MoS)
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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.  
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'''Consumdscer surplus''' cdscdscis the net benefit a consumer obtaincdscsdcs from buying a good. In supply and demand models, consumer surplus is reprcesented as the value (price times quantity) captured above the price level but below the demand curve.  
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dc
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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.
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In a [[ettbhonopolydscdscdccccccccccccccccccccccccccccccccc cb uiwqebcohqcweuil hc;oin wioeqcm iwniuovnu rnucnuvneun ue nuw nu nu ewn unvwueoi vnrewng.
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[[Category:Economics]]
 

Revision as of 22:20, March 19, 2008

Consumdscer surplus cdscdscis the net benefit a consumer obtaincdscsdcs from buying a good. In supply and demand models, consumer surplus is reprcesented as the value (price times quantity) captured above the price level but below the demand curve. dc In a [[ettbhonopolydscdscdccccccccccccccccccccccccccccccccc cb uiwqebcohqcweuil hc;oin wioeqcm iwniuovnu rnucnuvneun ue nuw nu nu ewn unvwueoi vnrewng.

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