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Reading the diagram

Reading the diagram

Demand and supply diagram with equilibrium at £50 and 200 units, showing consumer surplus above the price line and producer surplus below it

A demand curve can be read as consumers' maximum willingness to pay for each unit. A supply curve can be read as producers' minimum willingness to accept, often linked to marginal cost.

Consumer and producer surplus Lesson

  1. A Level
  2. /Economics
  3. /Consumer and producer surplus

Step-by-step lessons on Eduqas A Level Economics Consumer and producer surplus. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons