Lec 9: Supply and Demand & Consumer/Producer Surplus

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MIT 14.01 Principles of Microeconomics, Fall 2023
Instructor: Prof. Jonathan Gruber
View the complete course: ocw.mit.edu/courses/14-01-principles-of-microeconomics-spring-2023/
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In this lecture, Prof. Gruber talks about shocks to demand and supply, shapes of demand and supply, consumer and producer surplus, and how competition maximizes welfare. supply and demand, consumer surplus, producer surplus, competition

License: Creative Commons BY-NC-SA
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