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

 
Resource Type
Activity
Tags
consumer  curve  demand  economics  equilibrium  microeconomics  producer  supply  surplus  total 
Target Group (Age)
15 – 18
Language
English (United Kingdom)
 
 
GeoGebra version
4.2
Views
8254
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