Surplus

I. Find the English equivalents in the text "Surplus"

излишек для производителя, показатель (мера) полезности, продавать по более высокой цене, линия спроса, экономическое благосостояние, продавать свою продукцию, закон спроса и предложения, потребительский избыток, выгодное приобретение (покупка), рыночная цена, выше или ниже рыночной цены, получать избыток

II. Complete the sentences using the expressions given above. You don't need to use all of them

1) The ____ is the total net benefit enjoyed by all consumers buying the product.
2) If there was a sudden shortage of water, its ___ would rapidly increase.
3) The original idea was to give farmers a loan at harvest time so that they could hold their crops to ___ later on.
4) The _____ is the basis of the economy.
5) A cheaper car that spends half the time in the repair shop is no ___.
6) If the ___ shifts upwards it means the growth of the amount of those who wish to buy at higher prices.
7) Sellers willing to offer their goods at a lower price than the equilibrium price receive the difference as ___.
8) But the low price at which the firm is forced to ___ means it can't make a profit.
9) Europe is still divided into zones that differ in terms of security and ___.
10) A key concept from the science of economics is ___, it shows how valuable something is to an individual.

III. Do you think consumer surplus is a good measure of economic welfare? Why?

Комментарии

  1. I think consumer surplus is a good mesure of economic welfare. Using it you can describe the total benefit the consumers receive, because they are paying less for something than what they were ready to pay. Unlike other indicators, this one measures well-being. (Inusova A.)

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  2. I think consumer surplus is good measure of economic welfare too. Because It is a measure of the additional benefit that consumers receive because they are paying less for something than what they were willing to pay, so consumer surplus is a better measure of consumer well-being. (Matagirov M.)

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  3. I think that consumer surplus is good measure of economic welfare, because a consumer surplus happens when the price that consumers pay for a product or service is less than the price they're willing to pay. It's a measure of the additional benefit that consumers receive because they're paying less for something than what they were willing to pay.
    (Maloguseinova Z.)

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  4. I think that consumer surplus is good measure of economic welfare, because consumer surplus represents the net gain of the consumer, which characterizes the increase in his welfare. Therefore, the concept of consumer surplus can serve as a measure of consumer welfare. The concept of consumer surplus helps us answer the question of how changes in prices, taxes, and subsidies affect consumer welfare. (Magomedova M.)

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  5. In my opinion consumer surplus isn’t good measure of economic welfare. Because if consumer pays less then he willing to and gain consumer surplus, the prices are below the market price. Which means that there is excess of products in the market or supply is higher than demand.

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  6. think consumer surplus is a good measure of economic welfare(Arsanbekova.djennet)

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  7. In my opinion, consumer surplus is one of the most important indicators of the economy, since it shows how much the buyer has saved by buying this or that product, and he can spend this money on something else. So I think consumer surplus is a good measure of economic welfare.( Arsanbekova.djennet)

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