File:Consumer and Producer Surplus.jpg
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Consumer_and_Producer_Surplus.jpg (370 × 340 pixels, file size: 70 KB, MIME type: image/jpeg)
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DescriptionConsumer and Producer Surplus.jpg |
English: The somewhat triangular area labeled by F shows the area of consumer surplus, which shows that the equilibrium price in the market was less than what many of the consumers were willing to pay. Point J on the demand curve shows that, even at the price of $90, consumers would have been willing to purchase a quantity of 20 million. The somewhat triangular area labeled by G shows the area of producer surplus, which shows that the equilibrium price received in the market was more than what many of the producers were willing to accept for their products. For example, point K on the supply curve shows that at a price of $45, firms would have been willing to supply a quantity of 14 million. |
Date | |
Source | https://openstax.org/details/books/principles-microeconomics (CNX_Econ_C03_015.jpg) |
Author | OpenStax College |
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Date/Time | Thumbnail | Dimensions | User | Comment | |
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current | 02:57, 21 September 2017 | 370 × 340 (70 KB) | Dave Braunschweig (talk | contribs) | User created page with UploadWizard |
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Date metadata was last modified | 00:50, 9 January 2014 |
File change date and time | 13:50, 8 January 2014 |
Date and time of digitizing | 00:50, 9 January 2014 |
Software used | Adobe Illustrator CS6 (Windows) |
Unique ID of original document | uuid:ECBEC2D3197D11DCA124BC5C4753ECB4 |
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9 January 2014
image/jpeg
45005e170e2d9e7dc21ef8245631256ced350071
71,184 byte
340 pixel
370 pixel
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