In this video we explain how you can calculate Producer Surplus and Consumer Surplus step-by-step, starting with nothing but the supply and demand equations! We go over an algebraic solution to show you exactly how to calculate consumer and producer surplus given the demand and supply equations!

This channel is just getting started so if you enjoyed the content, let us know by liking, commenting, sharing, and subscribing to the channel; it really helps us out. ALOT. We release weekly videos covering all things ECONOMICS!


#microeconomics #ProducerSurplus #ConsumerSurplus

















































KEYWORDS:
Think Econ, basic economics, economics, microeconomics, consumer surplus and producer surplus, consumer surplus calculation, consumer surplus economics, consumer surplus intermediate microeconomics, consumer surplus microeconomics, consumer surplus and producer surplus economics, consumer surplus at equilibrium, consumer surplus at equilibrium price, the consumer surplus, consumer surplus demand curve, consumer surplus diagram, consumer surplus diagram explanation, consumer surplus explained,
consumer surplus example, consumer surplus explanation, consumer surplus formula triangle, consumer surplus graph explanation, consumer surplus graph, consumer surplus graph explained, understanding price elasticity of demand, elasticity of demand video, elasticity of demand YouTube, elasticity of demand 1st year, how to calculate producer surplus,
how to calculate producer surplus and consumer surplus,
how to calculate producer surplus with a price floor,
how to calculate producer surplus at equilibrium,
how to calculate producer surplus economics,
how to calculate producer surplus from equations,
how to calculate producer surplus microeconomics,
how to calculate producer surplus on a graph,
how to calculate consumer and producer surplus from graph,
how to calculate consumer and producer surplus from equations,
how to calculate consumer surplus and producer surplus at equilibrium,
how to calculate producer and consumer surplus,
how to calculate producer surplus from a graph,
how to calculate producer surplus example,
how to calculate producer surplus equation,
how to calculate producer surplus formula,
how to calculate producer surplus from demand and supply equation,
how to calculate producer surplus from supply function,
how to calculate producer surplus from equilibrium,
how to calculate consumer and producer surplus from equation,
how to calculate producer surplus in economics,
how to calculate producer surplus in equilibrium