Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and ...

The equilibrium price, sometimes referred to as the market-clearing price, is the price at which the supply and demand curves intersect. At this point, the quantity demanded by consumers equals the ...