Monday, 12 October 2009

Consumer and Producer Surplus!!!!

Consumer Surplus is the different between the price that the consumer prepared to pay and the actual price paid.

Producer Surplus is the difference between what producers are willing and able to supply a good for and the price they actually receive.

Diagram:


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2 comments:

  1. chris sivewright14 October 2009 at 18:46

    Daily Blog
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    Daily Brip
    Daily Trip
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    DAILY BLOG!

    ReplyDelete
  2. chris sivewright16 January 2010 at 17:15

    You are not doing your homework so I am arranging that you are taught by someone else.

    ReplyDelete

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