Edexcel A Level · 9EC0 · Theme 1: Introduction to markets and market failure
1.2.8 Consumer and producer surplus
Also Edexcel AS 8EC0
Everything you need for questions on consumer and producer surplus, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- The two surpluses
- Where the surplus comes from
- How changes affect the surpluses
- Calculations
- Classic question: who loses most from a fall in supply?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Six buyers, six sellers
- Shift the curves, watch the areas
- Which areas?
- Surplus trainer
- Who gains, who loses?
- Build the chain
- Exam practice
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