14.01 | Fall 2023 | Undergraduate

Principles of Microeconomics

Lec 9: Supply and Demand & Consumer/Producer Surplus

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. Keywords: supply and demand, consumer surplus, producer surplus, competition

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Fall 2023
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Lecture Notes
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