Demand Curve as Marginal Benefit Curve
Completion requirements
To understand the graphical analysis of consumer surplus, let's revisit
the demand curve to interpret the relationship between price and
quantity as a marginal benefit. You can watch this video on the demand
curve as a measure of marginal benefit. If necessary, review the concept
of marginal introduced in Unit 1. Pay special attention to the
difference between value and price.
Source: Khan Academy, https://youtu.be/UgCLJCn_X2o
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Last modified: Thursday, 16 November 2023, 10:10 AM