Y1 8) Consumer and Producer Surplus
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- เผยแพร่เมื่อ 24 ก.ย. 2024
- Y1 8) Consumer and Producer Surplus. Video covering everything there is to know about consumer and producer surplus
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This guy explained me something in 8 minutes that my economics teachers couldn't explain in multiple lessons
Sammee. Got my A levels next week, I'm just gonna binge all his vids 😭
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I've spent days trying to understand this concept, using study guides, econ textbooks and videos, no one has explained it as in depth and as simply as you have. I thought I was beyond help thank you so so much!!!!
Very nicely explained in such a short time! Waiting for more videos.
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I understand so much more of this topic now thanks to you, I was struggle with this for 3 months and within a 8 min video you've taught me everything thank you!!!!
Thank you so much econplusdal i am economics graduate and preparing for PG MA economics entrance exam for Mumbai school of economics and Public policy(MSEPP) Which is schedule on this sunday on 23rd june 2024.
I was so confused about this topic but today after watching your video now i have understood this topic crystal clear. Thanks a lot again lots of love, support and respect for you from india(Mumbai).
17/06/2024 Monday 07:28AM
Great lesson! Also very satisfying the way you draw the triangles with the black marker
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Return of a legend
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@econplusdal kindly upload a video on transition economies and problems involved in the process. Also, include the advantages and examples of famous transition economies. I would be very grateful.
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Do more of A-levels Year 1 and year 2 vids pleaseee ... its so helpful
beautiful man.thank you so much for teaching me this. i was lost.
Very detailed and clearly explained.
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one of the best lecture
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Fs in the comments boys, i have exam tomorrow, wish me luck ENGLISH GEEZAS
good luck
Good luck
What did u end up getting!x
Good luck bit late but why not 😂
when the supply curve shift it does not only change the consumer surplus but also the producer surplus as the equilibrium changes and therefore the price changing both surplus right? Is something that i am wondering and that i might have wrong but as you do not talk about it in the video is having me wonder if I am right or wrong. Thank you for the videos, they are helping me a lot.
great explanation! thankyou!
9k for a university lecture to not make sense but i suddenly feel like a qualified economist after this 8 minute video
Thank u sir you made this super easy
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you've explained it a lot better than Khan Academy! thanks!
oof throwing shade when they are already underwater. damn
My teacher explains it just as well as he does, but im just allergic to the textbook so i still watch him.
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Nicely explained 👍
This is really so clear and helpful.thank
This is kinda goated
Very nice explanation. Keep it up. Thank you very much
pure love g
7:08 he said shit
yes, that in fact is everything i understood from this video
It was Shift. Not Shit😂😂
Hi, can I know, why is it important to find the consumer surplus and producer surplus? How does it help the producer?
Did you ever get an answer to this?
@@cdog2305 nope :/ hehehe
hello sir please give a link of your website where anybody can go and just watch or download the whole video so that it can add you some extra more money as compared what you are earning from youtube. by the way very nice explation hatssoff
Thank you
Thank you for your excellent help !!
hi, one doubt.
in consumer surplus (inversely in producers surplus too) the price they are willing to pay more is for more quantity, but in this surplus concept, we discuss it as though, for same quantity demanded they are willing to pay more yet they actually paid less, resulting in surplus.
this doesn't hold good for me. can you clarify that?
The demand curve is made by aggregating the demand from every consumer in the market, not just one specific consumer's price for different quantities. So basically if the price is 50, 75 people are willing to buy. If the price is 75, only 50 people are willing to buy because the other 25 people thought it wasn't worth it. Now to explain consumer surplus: when the price is 50, you have those 25 people + the 50 people who would have bought it even if the price was higher. For those 50 people, they'll happily save 25 bucks which is their surplus. Hope it's clear
Thank you. Great one. God Bless.
Thank you for your vdo, after watching this I passed my quiz
This video is really detailed
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What happen the producer surplus when supply curve increase or decrease or when supply curve change? Similarly what happen the consumer surplus when demand curve change?
appreciate your vids- great help!
Thank you, very very helpful
Thank You so much sir. Please do one video for topic "Returns to scale" with diagramatic explaination.
Thanks alot
Thanks
Very good explanation. But sometimes you speak too fast :)
However, that doesn't distort the information
Good luck!
is this as for aqa as? thnx
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Banger of a video
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Good video, man. Thanks.
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I was here to learn economics but here I'm all focused on his accent
thanks sir .
Do you teach managerial econ (calculus) Dal?
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Thankyou 👍
3:50 6:06 7:50
It was helpful
sam luke
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I am embarrassed! what does it actually mean? how can it be a producer's surplus? He sold it at P2 that is it right? And he received P2 price. Then where is the surplus!!! He sold Q2 at P1 and he cannot sell it again for any less/more price. what does it actually mean!
Best
What exam board is this?
All of them
0:43
Thanks vikstar123
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Thank you