Channel: Jacob Clifford

Category: Education

Tags: losseconproducer surplus#marketsconsumer surplus#economicsmciroeconomicsclifforddeadweight

Description: Hey internet! Thank you for watching my videos. Recently a student requested a lock of my hair. Weird huh? In this episode I talk about how competitive markets allocate resources and consumer and producer surplus. I also talk about inefficiency and deadweight loss. Make sure to practice calculating CS, PS, and DWL. Let me know if you think I should give this guy my hair. How to get the Ultimate Review Packet Step 1: Go to: acdcecon.thinkific.com Step 2: Create a free account Step 3: Enroll in the free version (either AP or College) The answers to the practice multiple-choice questions are below. 1. A 2. B 3. C