How to Calculate Producer Surplus and Consumer Surplus from Supply and Demand Equations | Think Econ

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Exallent

How did P become 18

this is really one of te finest explanation literally the best one

What about if demand and supply curves are not lines ? If they are quadratic...

You saved my life honest to god 🙏🏻

Wow 10q man! keep it up 🎉🎉

God Bless you for this.

Thankyou for the knowledge

could you explain the theory behind CS being above market price and below demand function and PS below market price and above supply function?

so clear thanks

ure a god man

Amazing video
Thank you

Thanksss ❤

Very useful

thank a lot sir, you just saved my life.

How is the base of the producer's supply becoming 80?

Amazing video ❤

Please share video for tax subsidies and quotas on supply n demand curve calculations
😊

Thank you❤

are Qd = 270 -5p and Qs = 10P equations used for every single problem?

Can the supply curve start from any number apart from 0?

Thank you for clear explanations. liked and subscribed already :)

Thanks for the video..

Thanks u
I learn something

thank you so much

Typing from Africa specifically zambia you have just helped me do my assignment

thank you so much, your explanations are so effective and easy to understand sir

thank you sir 🙌👏

thank you so much man, have an exam tomorrow morning and this came in clutch

you saved my life.

Please calculate consumer surplus and producer surplus using integration

HI, the 270 and the 10 are random values that the professor has added or it is the actual base formula?

Thank you!

Liked and Subscribed! Thank you for your help!!!

thank you so much; your explanations are so effective and easy to understand

Hi Can You Help Me Find The Consumer Surplus At A Price Of $10 Given The Equations Qd=20-P and Qs= P ?

Thank you !!

You are the best sir, thank you.

Great content but i noticed that the question i have here is quite different yours; qs= p=2q/3 + 1 and qd= p=10_2q how do i approach this please?

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Thanks 🇱🇰

How did you get the figures that you used for quantity supplied and quantity demanded

Thank you so much! If you don't mind, how do I go about it if my demand and supply functions are different?
If they look like this:

Demand function: P(Q) = 5-0,0000001Q
Supply function: P(Q) = 0,0000001Q

I found the equilibrium price and quantity by putting both functions equal to each other, and then solving. And then the other was found by inputting the new value into one of the original functions just like you did. I got Equilibrium price = 2,5 and quantity = 25000000

My question is, how do I find where the demand function crosses the X and Y axis? There is no P in my function, so I'm a little bit confused.

thank you

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gotcha!

Great video