Consumer & Producer Surplus (URDU / HINDI) Lecture
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- čas přidán 6. 07. 2024
- Title: Consumer Surplus and Producer Surplus
Description: In this CZcams lecture, I explore the fundamental economic concepts of consumer and producer surplus. Consumer surplus represents the extra value consumers receive by paying less than their maximum willingness to pay, while producer surplus signifies the additional gain producers achieve by selling at a price higher than their minimum acceptable price. The discussion delves into the dynamics of market equilibrium, the impact of shifts in supply and demand, and how these surpluses contribute to understanding overall market welfare and resource allocation. It's a concise overview for anyone interested in grasping the key elements of market behaviour and economic outcomes..
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This lecture is delivered by an internationally experienced and certified Expert Business and Economics Lecturer MR. SHAYAN SIDDIQUI
TIME LINE
INTRODUCTION: 00:00
LEARNING OBJECTIVES: 00:42
WHAT IS CONSUMER SURPLUS: 00:50
EXAMPLE OF CONSUMER SURPLUS: 03:15
GRAPHICAL REPRESENTATION OF CONSUMER SURPLUS: 07:30
WHAT IS PRODUCER SURPLUS?: 11:34
CALCULATION OF PRODUCER SURPLUS: 13:55
GRAPHICAL REPRESENTATION OF PRODUCER SURPLUS: 15:30
GRAPHICAL REPRESENTATION OF CONSUMER AND PRODUCER SURPLUS: 17: 00
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