Consumer and Producer Surplus

Read this article and attempt several practical problems related to consumer and producer surplus by answering the "Try It" quiz questions. Check your answers after you're done.

1. LEARNING OBJECTIVES

  • Explain, calculate, and illustrate consumer surplus
  • Explain, calculate, and illustrate producer surplus
  • Explain, calculate, and illustrate social surplus

Source: Lumen Learning, https://courses.lumenlearning.com/wmopen-microeconomics/chapter/consumer-producer-surplus/
Creative Commons License This work is licensed under a Creative Commons Attribution 4.0 License.