Principles of Economics - Chapter 7: Consumers, Producers, and Efficiency of Markets
2007
This brief provides a basic outline of the consumer surplus concept, relative to related concepts such as willingness-to-pay, producer surplus, market efficiency and market failure.
Countries: Non-country specific
Commodities: Non-Commodity specific
Topics: Consumer value
Personal author: N. Gregory Mankiw
Publisher: Thomson South-Western
Type: Discussion
Format: Brief
References (Download): EN
External resources (Download): 