UGC NET Economics Paper 2 | How to Find Consumer Surplus & Producer Surplus | By Shivani Sharma

Описание: UGC NET Economics Paper 2 | How to Find Consumer Surplus & Producer Surplus | By Shivani Sharma
In this session, we will focus on Consumer Surplus and Producer Surplus, two essential concepts in UGC NET Economics Paper 2. Consumer surplus refers to the difference between what consumers are willing to pay for a good or service and what they actually pay. On the other hand, producer surplus is the difference between the price a producer is willing to accept and the price they actually receive for the product. We will explain how to calculate consumer surplus and producer surplus using demand and supply curves, and go through practical examples to help solidify these concepts.

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The National Educational Testing Bureau of University Grants Commission (UGC) conducts National Eligibility Test (NET) to determine eligibility for lectureship and for award of Junior Research Fellowship (JRF) for Indian nationals in order to ensure minimum standards for the entrants in the teaching profession

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