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Macroeconomics
Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.
Consumer and Producer Surplus; Price Ceilings and Price Floors
Quantitative Analysis of Consumer and Producer Surplus at Equilibrium
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1
concept
Quantitative Analysis of Consumer and Producer Surplus
17m
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2
Problem
The supply and demand curves for a product are as follows. What is consumer surplus in this market?
QD = 45 – 2P
QS = -15 + P
A
6.25
B
12.5
C
20
D
22.5
E
25
3
Problem
The supply and demand curves for a product are as follows. What is producer surplus in this market?
QD = 45 – 2P
QS = -15 + P
A
6.25
B
12.5
C
15
D
20
E
25