Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition)
- Title:
- Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition)
- Description:
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Updated version with no audio issues- https://youtu.be/yK4wGzN8D2A
Welcome to ACDC Econ and my first holiday edition. In this video I explain consumer surplus, producer surplus, and deadweight loss. Make sure that you can see how each change when there is a change in the market. *Correction* The consumer surplus at 0:59 in the video is $6000. ($8-$5) x 4000/2. It is a triangle!
Notice that deadweight loss happens whenever the optimal quantity is not being produced. This also happens when there are taxes or externalities. By the way, my wife, Paula, was the one throwing snowballs at me. We had to do it in two takes and I think she enjoyed it way too much.
Need help? Check out the Ultimate Review Packet for FREE: https://www.acdcecon.com/review-packet
I got the rock'n version of Deck the Halls here:
https://www.youtube.com/watch?v=QF84X6kLrIA - Video Language:
- English
- Duration:
- 05:05
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Captioning edited English subtitles for Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition) | |
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Captioning edited English subtitles for Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition) | |
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Captioning edited English subtitles for Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition) | |
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Captioning edited English subtitles for Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition) | |
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Captioning edited English subtitles for Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition) | |
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Captioning added a video: Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition) |