Talk:Economic surplus

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Is consumer surplus affected by competition?[edit]

I think a clarification on this issue would be helpful. Does increased competition reduce my consumer surplus? An example will help:

I am looking to buy a car that I would pay $30,000 for but it is on sale for $20,000. My consumer surplus is therefore $10,000. However I then hear that another dealer will sell me an identical car for $22,000. Now I will still take the first option. But it is no longer the case that I am willing to pay $30,000 for it. I will in fact only be willing to pay $22,000 for it. If the first dealer raised the price above that, I would go to the second dealer. Does that mean my consumer surplus is now only $2,000? That kind of makes it seem that I am worse off, when I am clearly not.

Thanks. LastDodo (talk) 15:48, 11 October 2021 (UTC)[reply]

"Social surplus" listed at Redirects for discussion[edit]

The redirect Social surplus has been listed at redirects for discussion to determine whether its use and function meets the redirect guidelines. Readers of this page are welcome to comment on this redirect at Wikipedia:Redirects for discussion/Log/2023 July 10 § Social surplus until a consensus is reached. Steel1943 (talk) 21:17, 10 July 2023 (UTC)[reply]