A. in the absence of a price floor, the maximum price that a few of the consumers are willing to pay up to $100 per barrel of gosum berries. the market equilibrium ( e. price is $50 per barrel. how much consumer surplus is created, when there is no price floor? show your calculations.

Consumer Surplus is defined as difference between the price consumers are willing to pay for a good less the price they actually pay for it. When the equilibrium price is $50, the maximum willingness to pay $100 and the quantity is 500. It is given by,

828. all there is to it!

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thats the rounding one, but if you just click the top left, it shows you all the calculators you may need!