Instructional Video

Khan Academy: Equilibrium, Allocative Efficiency and Total Surplus

Curated by ACT

Total surplus is maximized in a market at equilibrium. In this video, we talk about why this is and the math behind this assertion. [11:29]

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Concepts
demand curve, equilibrium
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Additional Tags
marginal benefit, marginal cost curve, production, supply curve, khan academy, khan academy: equilibrium, allocative efficiency and total surplus, efficient price, efficient quantity, surplus benefit
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Resource Details
Grade
9th - 10th
Subjects
Social Studies & History
2 more...
Resource Type
Instructional Videos
Audiences
For Administrator Use
2 more...
Lexile Measures
0L