Step-by-Step Lesson

Learn: Consumer Surplus on a Supply and Demand Diagram

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

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Steps in this lesson (10)

1
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Match the items on the left with their correct pairs on the right

2
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Match the items on the left with their correct pairs on the right

3
Multiple ChoiceInteractive

Consumer surplus is the area between which two lines on a supply and demand diagram?

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4
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Match the items on the left with their correct pairs on the right

5
Fill in the BlankInteractive

Consumer surplus is located above the {{blank0}} and below the {{blank1}} on a supply and demand diagram.

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6
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Match the items on the left with their correct pairs on the right

7
MatchingInteractive

Match the items on the left with their correct pairs on the right

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8
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Match the items on the left with their correct pairs on the right

9
Multi-SelectInteractive

Which of the following statements about consumer surplus are true? (Select all that apply)

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10
Math EquationInteractive

If 5 consumers are willing to pay £10 each for a product, but the market price is £7, what is the total consumer surplus?

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