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Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Price FloorsWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Macroeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Price Floors
Ch. 6 - Introduction to Taxes
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - Introducing Economic Concepts
Ch. 11 - Gross Domestic Product (GDP) and Consumer Price Index (CPI)
Ch. 12 - Unemployment and Inflation
Ch. 13 - Productivity and Economic Growth
Ch. 14 - The Financial System
Ch. 15 - Income and Consumption
Ch. 16 - Deriving the Aggregate Expenditures Model
Ch. 17 - Aggregate Demand and Aggregate Supply Analysis
Ch. 18 - The Monetary System
Ch. 19 - Monetary Policy
Ch. 20 - Fiscal Policy
Ch. 21 - Revisiting Inflation, Unemployment, and Policy
Ch. 22 - Balance of Payments
Ch. 23 - Exchange Rates
Ch. 24 - Macroeconomic Schools of Thought
Ch. 25 - Dynamic AD/AS Model
Ch. 26 - Special Topics
Sections
Consumer Surplus and WIllingness to Pay
Producer Surplus and Willingness to Sell
Economic Surplus and Efficiency
Quantitative Analysis of Consumer and Producer Surplus at Equilibrium
Price Ceilings, Price Floors, and Black Markets
Quantitative Analysis of Price Ceilings and Floors: Finding Points
Quantitative Analysis of Price Ceilings and Floors: Finding Areas
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Next SectionPrice Ceilings, Price Floors, and Black Markets

Concept #1: Quantitative Analysis of Consumer and Producer Surplus

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Practice: The supply and demand curves for a product are as follows. What is consumer surplus in this market? 

QD = 45 – 2P 

QS = -15 + P

Practice: The supply and demand curves for a product are as follows. What is producer surplus in this market? 

QD = 45 – 2P 

QS = -15 + P

Previous SectionEconomic Surplus and Efficiency
Next SectionPrice Ceilings, Price Floors, and Black Markets
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