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How to calculate Consumer Surplus without a graph
ChannelFree Econ HelpDescription from the creator
This video goes over the process of how to find the consumer surplus in a problem if you are not given the graph. Generally you only need to know the WTP (willingness to pay) and the price paid, and this video goes over this example which should help you with the homework and exams that require you to find consumer surplus.
More information and examples can be found at:
freeeconhelp.com/2012/02/finding-consumer-surpl…
More information and examples can be found at:
freeeconhelp.com/2012/02/finding-consumer-surpl…
About this tutorial
Free Econ Help published this 4:08 video tutorial on November 1, 2018. It has been watched 55,328 times on YouTube.
- Channel
- Free Econ Help
- Category
- Education
- Duration
- 4:08
- Published
- November 1, 2018
- Views
- 55,328
- Likes
- 152
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