CA Welfare Demand Curve Consumer Surplus Discussion

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CA Welfare Demand Curve Consumer Surplus Discussion

Economics

CA Welfare Demand Curve Consumer Surplus Discussion

Description

For your discussion post this week, please tell us about a time when you received more (or less) consumer surplus (or producer surplus) than you expected. This is a pretty easy one, so please take the time to think of a good, entertaining example . Please write 3 different examples

Part 1: Tell us about a good or service for which you have VERY Inelastic demand (you would buy almost the same amount even if the price doubled). Be honest, but creative. Please write 3 different examples

Part 2: Tell us about a good or service for which you have Elastic demand (you would buy a lot less of it if the price increased even a little). Please write 3 different examples

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