Anonymous
Anonymous asked in Social ScienceEconomics · 1 month ago

Why are producer and consumer surpluses important in determining market equilibrium?

1 Answer

Relevance
  • Anonymous
    1 month ago

    You should ask Adam Smith, with his economic theories of invisible hand guiding the economy.

    Please read all these in a microeconomics college textbook. Answers are easily found there. or go to youtube and look for demand curve economics lecture.

Still have questions? Get answers by asking now.