Total consumer surplus as area | Microeconomics | Khan Academy

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Looking at consumer surplus as area between the demand curve and the market price
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[@TheJackAuffman]

thanks for comin to our school today! :D mvhs class of 2014

[@aryhegde7952]

Better than all the explanations out there

[@beejayhitman]

I could be wrong, but isn't the area of a triangle 1.5*(b*h)? So the total consumer surplus as an area would be 150?

[@yunalee9352]

area of triangle is (0.5)*(b*h) so total consumer surplus = 300

[@rishabhjain1294]

beejayhitman next level stupid

[@wedeldylan]

The area of a triangle is half that of a rectangle with the same base and height. The area of a rectangle is b*h so the area of a triangle is (1/2)(b*h)

[@MrGiTag]

make some advance function videos

[@milkymilkway]

Okay I watched this twice and Get it a little better! lol

[@Dwellina4827]

My head is going to explode

[@asangelasme1]

How do you calculate this? I am puzzled.
What is the consumer surplus at equilibrium?
Use the following information to answer questions 14:
The demand and supply curves for pens are given by:
QD= 32 - 10 (P)
QS = -16 + 6(P)
We know that the equilibrium price is P = $3 and the equilibrium quantity is Q= 2.

[@rebeccakane8854]

2 dollas

[@ermanilol2245]

if its possible, can you make videos about market failure??? Before my exam on thursday!! :D

[@landonquinney3178]

Did you pass your exam?

[@leopard1tank823]

lol@@landonquinney3178

[@Sanathvarma]

I feel like an idiot

[@milkymilkway]

Advanced? Dude I'm 15 and barely understand this and I have a 4.0??? Is this weird too anyone?

[@gdogvibes1]

always fruit....XD

[@F.E.E]

you are very fast at talking its hard to follow up with you that's why I don't like your videos! it's like you just want to finish it in one minute!

[@busfahrer09]

I'm literally watching in x1.75 speed cause he talks so slooooow....