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WHAT IS CONSUMER’S SURPLUS

            WHAT IS CONSUMER’S SURPLUS

The consumer’s surplus refers to the difference between the amount a consumer budgeted I pay for a particular commodity based on i expected level of satisfaction and the act amount he paid to have the commodity, concept of consumer’s surplus is represent:

From the above graph, it is observed that when consumer made use of the very first unit, he

willing to pay as much as 6 120.00 but the commodity price was 6 50.00. So, he was able

save about 6 70.00.

Therefore, any amount above the market price of 6 50.00 represents
consumer’s surplus.

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  2. what is a firm
  3. price equilibrium
  4. scale of preference
  5. concept of economics
  6. economic tools for nation building
  7. budgeting
  8. factors affecting the expansion of industries
  9. mineral resources and the mining industries

demand and supply

  1. RINDER PESTS
    148. NEWCASTLE DISEASE
    149. BACTERIA DISEASES
    150. ANTHRAX
    151. BRUCELLOSIS
    152. TUBERCULOSIS
    153. FUNGAL DISEASES

PROTOZOAN DISEASES
155. TRYPONOSOMIASIS

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