How can one calculate the total consumer surplus from a table?

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1092092

2026-07-25 13:46

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To calculate the total consumer surplus from a table, you can find the area of the triangle formed by the demand curve and the price line. This can be done by multiplying the difference between the maximum price consumers are willing to pay and the actual price by the quantity sold. Add up the consumer surplus for each unit to find the total consumer surplus.

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