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Consumer Surplus
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Concept Version 5
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Impacts of Price Changes on Consumer Surplus

Consumer Surplus

Consumer Surplus

An increase in the price will reduce consumer surplus, while a decrease in the price will increase consumer surplus.

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    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "All sizes | consumer-surplus-is-the-differnece-between-what-you-are-prepared-to-pay-and-what-you-end-up-paying | Flickr - Photo Sharing!."
    http://www.flickr.com/photos/80666643@N00/4346865114/sizes/o/in/photostream/ Flickr CC BY.

Related Terms

  • price floor
  • Price ceiling
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