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From course:

Economics A Level

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Question:

What is, only, the Consumer Gain and the Producer Gain?

Author: go kys



Answer:

-The Consumer Gain will be the Fall in Price that results from the Shifting Supply Curve -The Producer Gain will be the will be Gain in Price. The 2 Points that Define the Price Difference have the Same Q [Of the New Equilibrium Point] but the Price Points are the Old Equilibrium Price, and the Price Level that will hit the Old Supply Curve [That has the same Q as the New Equilibrium Point


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go kys
go kys