ILO:
a) The distinction between consumer and producer surplus
b) The use of supply and demand diagrams to illustrate consumer and producer surplus
c) How changes in supply and demand might affect consumer and producer surplus
a) The distinction between consumer and producer surplus
b) The use of supply and demand diagrams to illustrate consumer and producer surplus
c) How changes in supply and demand might affect consumer and producer surplus
Consumer Surplus
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Explain how consumers can seek to maximize consumer surplus? (5 marks)
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Explain how Governments can protect consumers and their consumer surplus? (5 marks)
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Producer Surplus
Examine 2 ways firms seek to maximise their producer surplus in the 21st century? (8 marks)
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Food Industry Machines That Are At Another Level !
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The Power Of Subliminal Messages | Trick Of The Mind | Derren Brown
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Revision
Watch the revision webinars to consolidate your knowledge of CS & PS:
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Consumer and producer surplus - revision video
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Y1/IB 8) Consumer and Producer Surplus
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Consumer Surplus
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Producer Surplus
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