X hits on this document

130 views

0 shares

0 downloads

0 comments

16 / 27

Gains From Trade

Consumer Surplus

Quantifying Welfare E ects

Producer Surplus

Change in Consumer Surplus

CS when price is p:

Price

Consumer surplus

p’

Demand curve

p

Snuggly blankets

Welfare in Equilibrium

Document info
Document views130
Page views130
Page last viewedSun Jan 22 16:46:54 UTC 2017
Pages27
Paragraphs488
Words2150

Comments