Efficient Markets maximize Total Surplus

See how Total Surplus = Consumer Surplus + Producer Surplus is maximized at the intersection of the Supply and Demand Curves. Maximizing Total Surplus leads to "efficient markets".

 

ramo

 
Material Type
Activity
Tags
economics  microeconomics  demand  curve  supply  consumer  surplus  producer  equilibrium  total 
Target Group (Age)
15 – 18
Language
English (United Kingdom)
 
 
GeoGebra version
4.2
Views
8060
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