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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.6
Unit 2 – Supply and Demand
2.6 Market Equilibrium and Consumer and Producer Surplus
mixed difficulty
Consumer and producer surplus are measures of?
The benefits received by consumers and producers in a market.
The additional utility gained from consuming or producing one more unit of a good.
The total quantity supplied and demanded in a market.
The difference between the market price and the equilibrium price.
Study guides (1)
AP Microeconomics - 2.6 Market Equilibrium and Consumer and Producer Surplus
Key terms
Producer Surplus
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