Financial Calculators
Consumer Surplus Calculator (consumer Surplus Formula)
Calculate instantly consumer surplus with our online economic calculator!
Consumer surplus calculator
$
$
$
Extended consumer surplus
$
$
$
Did you find an answer to your question?
Table of contents
A consumer surplus is an economic phenomenon where a consumer is willing to pay more than they are expected to pay for a particular product.
On this page, you can easily count surplus with our calculator. Add your values, and our calculator will calculate your results instantly.
You will also learn how to calculate surplus and also learn the formula behind the economic phenomenon.
What is a consumer surplus?
Consumer surplus is the measure of a customer's excess benefit. It shows how much of a difference the consumer is willing to pay at maximum for a product compared to the actual price they pay.
The concept of consumer surplus is based on the idea of marginal utility, which states that the more a person consumes, the less they are likely to pay for the additional unit.
What is the consumer surplus formula?
The equilibrium price is the price at which the demand and supply meet. The area between the supply and demand levels is known as the producer surplus.
The consumer surplus formula::
Consumer surplus = maximum price customer is willing to pay – actual price
How to calculate consumer surplus?
Calculating consumer surplus is fairly simple to do. Here are step-by-step instructions on how to do it:
1. Find the maximum price that the consumer is willing to pay.
2. Find the actual price of the product in the market
3. Deduct actual price from the maximum price and as a result, you will get consumer surplus
What is extended consumer surplus formula?
On the demand and supply curve, the extended consumer surplus formula is following:
CS = 1/2 x Qd x ΔP
where,
CS = Consumer surplus
Qd = Product quantity at equilibrium
ΔP = Pmax – Pd
Pmax = Maximum price consumer is willing to pay
Pd = the price at equilibrium
Equilibrium is the point where supply and demand are equal.
What is a surplus in economics?
A surplus is several goods or assets that exceed the portion that's used. It can also refer to an unused product that's sitting on store shelves.
A surplus occurs when the demand for a product exceeds the supply--or if people are willing to pay more than others for it. This usually occurs when the market is not set in stone.
What is the law of diminishing marginal utility?
The concept of diminishing marginal utility explains how a person's satisfaction with a product or service decreases as they consume more of it.
The law of diminishing marginal utilities states that the utility of a service or good declines as more customers consume it. This concept argues that economic actors are less satisfied with the number of goods that they consume.
What is the difference between consumer surplus and producer surplus?
The main difference between consumer surplus and producer surplus is that consumer surplus shows the gap between what consumers are willing to pay for a product and the actual price of the product. And the producer surplus shows the difference between the actual price of the product and the minimum price for which the producer is willing to sell the product.
Article author
John Cruz
John is a PhD student with a passion to mathematics and education. In his freetime John likes to go hiking and bicycling.
Consumer Surplus Calculator (consumer Surplus Formula) English
Published: Wed Sep 22 2021
In category Financial calculators
Add Consumer Surplus Calculator (consumer Surplus Formula) to your own website
Consumer Surplus Calculator (consumer Surplus Formula) in other languages
Calculadora Do Excedente Do Consumidor (fórmula Do Excedente Do Consumidor)Calculadora Del Excedente Del Consumidor (fórmula Del Excedente Del Consumidor)Калькулятор Потребительского Излишка (формула Потребительского Излишка)حاسبة فائض المستهلك (معادلة فائض المستهلك)Calculateur De Surplus Du Consommateur (formule De Surplus Du Consommateur)Konsumentenrentenrechner (Konsumentenrentenformel)消費者余剰計算機（消費者余剰計算式）उपभोक्ता अधिशेष कैलकुलेटर (उपभोक्ता अधिशेष सूत्र)Tüketici Fazlası Hesaplayıcısı (tüketici Fazlası Formülü)Kalkulator Surplus Konsumen (rumus Surplus Konsumen)Calculator Surplusul Consumatorului (formula Surplusului Consumatorului)Калькулятар Спажывецкіх Лішкаў (формула Спажывецкіх Лішкаў)Kalkulačka Spotrebiteľského Prebytku (vzorec Spotrebiteľského Prebytku)Калкулатор За Потребителски Излишък (формула За Потребителски Излишък)Kalkulator Potrošačkog Viška (formula Potrošačkog Viška)Vartotojų Pertekliaus Skaičiuoklė (vartotojo Pertekliaus Formulė)Calcolatore Del Surplus Del Consumatore (formula Del Surplus Del Consumatore)Consumer Surplus Calculator (consumer Surplus Formula)Kalkulator Lebihan Pengguna (formula Lebihan Pengguna)Konsumentöverskottskalkylator (konsumentöverskottsformel)Kuluttajaylijäämälaskin (kuluttajaylijäämäkaava)Forbrukeroverskuddskalkulator (forbrukeroverskuddsformel)Forbrugeroverskudsberegner (forbrugeroverskudsformel)Consumentensurpluscalculator (formule Consumentensurplus)Kalkulator Nadwyżki Konsumenta (wzór Nadwyżki Konsumenta)Máy Tính Thặng Dư Tiêu Dùng (công Thức Thặng Dư Tiêu Dùng)소비자 잉여 계산기(소비자 잉여 공식)Patērētāja Pārpalikuma Kalkulators (patērētāja Pārpalikuma Formula)Калкулатор Суфицита Потрошача (формула Потрошачког Вишка)Kalkulator Potrošniškega Presežka (formula Potrošniškega Presežka)İstehlakçı Artıqlığının Kalkulyatoru (istehlakçı Izafi Düsturu)ماشین حساب مازاد مصرف کننده (فرمول مازاد مصرف کننده)Υπολογιστής Πλεονάσματος Καταναλωτή (φόρμουλα Πλεονάσματος Καταναλωτή)מחשבון עודפי צרכנים (נוסחת עודפי צרכנים)Kalkulačka Spotřebitelského Přebytku (vzorec Spotřebitelského Přebytku)Fogyasztói Többlet Kalkulátor (fogyasztói Többlet Képlet)消费者剩余计算器（消费者剩余公式）ভোক্তা উদ্বৃত্ত ক্যালকুলেটর (ভোক্তা উদ্বৃত্ত সূত্র)Калькулятор Споживчого Надлишку (формула Споживчого Надлишку)Tarbija Ülejäägi Kalkulaator (tarbija Ülejäägi Valem)