Consumer and Producer Surplus
Consumer and Producer Surplus
The blue shaded consumer surplus is the area above the price line and below the demand curve, while the pink shaded producer surplus is the area below the price line and above the supply curve. Greater elasticities, represented with flatter curves, are associated with smaller surpluses.
Permanent Citation
Permanent Citation
Fiona Maclachlan
"Consumer and Producer Surplus"
http://demonstrations.wolfram.com/ConsumerAndProducerSurplus/
Wolfram Demonstrations Project
Published: September 28, 2007