Summary surplus

Consumer Surplus
Consumer Surplus Difference :
between what consumers are willing andabletopayandwhatthey actually pay
Eftectotachangeinprice
Increase in price :
Decrease in price :




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ABP, Original :
ABR

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Evaluatetheimpactotchangeslhpria
Extent of price change
significant increase : moderate increase :

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large change in ! : =
small change in Cs
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PEDOT product
PED elastic : PED inelastic :

P P
Anincreateinpricecautes Anincreateinpricecautes
P2 P2 -


-1
t 1/1/11 ,
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amore than proportionate less than proportionate
,

p,
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I decrease in quantity demanded !! decreateinauantitydemanaed
! I !!
large change incs
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smauchangeincs
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lausesotashiftinswpplyordemahd
Shittinsupply : shiftier demand :



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Anincpeateihcop-sitosi.tl Anincreafeinprice .




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