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How to CALCULATE Consumer Surplus [WITH EXAMPLE] | Think Econ | Microeconomic Concepts 

Think Econ
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In this video we explain how you can calculate Consumer Surplus, and what it looks like on a Supply and Demand graph. We go over an algebraic solution to show you exactly how to calculate consumer surplus given the demand and supply equations!
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31 июл 2024

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Комментарии : 18   
@ThinkEcon
@ThinkEcon 2 года назад
Check out our latest Community Poll: ru-vid.comcommunity to weigh in on which videos you'd like to see more of over the summer months! If you DEMAND it, we'll SUPPLY it!
@COOL-ow9di
@COOL-ow9di Месяц назад
Dude explain better then my teacher
@rumafarjana3368
@rumafarjana3368 Месяц назад
Thanks a lot
@ThinkEcon
@ThinkEcon Месяц назад
You're welcome!
@thisisyoutubetv3235
@thisisyoutubetv3235 Год назад
Bravo 👏🏿
@ThinkEcon
@ThinkEcon Год назад
Thank you!
@PreciousIyeke
@PreciousIyeke 3 месяца назад
Thank you☺️☺️☺️
@ThinkEcon
@ThinkEcon 3 месяца назад
You’re very welcome ☺️
@Flamey74646
@Flamey74646 8 месяцев назад
Hey! Love your explanations. However, on your video explaining both consumer and producer surplus, you divided by 2 when you used the 1/2xBxH equation. But in this video, you didn’t divide by 2. Is there a reason why you wouldn’t divide by 2 with this problem?
@ThinkEcon
@ThinkEcon 8 месяцев назад
Great question! So long story short, multiplying by 1/2 and dividing by 2 are mathematically the same thing. Let me know if that clarifies things for you ☺️
@Flamey74646
@Flamey74646 8 месяцев назад
@@ThinkEcon It does! Thank you so much!
@ThinkEcon
@ThinkEcon 8 месяцев назад
@Flamey74646 Happy to help! And I’m glad you’re finding the videos helpful!
@musaluywa978
@musaluywa978 Год назад
I can't see the video for producer surplus
@ThinkEcon
@ThinkEcon Год назад
Here is the link: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6oOlvkmzeyo.html
@musaluywa978
@musaluywa978 Год назад
Thanks!
@musaluywa978
@musaluywa978 Год назад
Thanks but I thought you had a video on how to calculate producer surplus with an example.
@Yash10111
@Yash10111 11 месяцев назад
Does anyone noticed this guy sounds like Tony Stark😊
@ThinkEcon
@ThinkEcon 11 месяцев назад
I am Ironman.
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