Question

How to calculate producer surplus from demand and supply equation?

Answer 1

To calculate the total consumer surplus achieved in the market, we would want to calculate the area of the shaded grey triangle. If you think back to geometry class, you will recall that the formula for area of a triangle is ½ x base x height. In this case, the base of the triangle is the equilibrium quantity (QE).



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Answer 2

to calculate the total consumer surplus achieved in market we would want to calculate the area of the shaded grey triangle. if you think back to geometry classes

formula to find triangle area
1/2×base×height

in the case base of a triangle is equilibrium quantity. .

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