The simplest formula for calculating the consumer surplus is as follows: Consumer Surplus = Maximum Price – Market Price. From there, the expanded variation of the formula is the
consumer surplus = maximum price willing to pay - actual market price. If you would like to estimate the consumer surplus for a whole economy
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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
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Consumer Surplus. *note - must know equilibrium first. Demand (downward graph) Equilibrium Price (y) Equilbrium Qty (x) Submit. Added Apr 3, 2014 by gisheri in Widget Gallery.
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