Economics – Consumer surplus

“Consumer surplus” represents the difference between what a consumer is willing to pay for a good or service and the price that they actually pay. In other words, the concept of consumer surplus indicates how much consumers gain from consuming goods and services at a specified price.Now let’s consider the case of a “consumer deficit” or the loss represented by consumers who exist at the opposite end of the demand curve. These are those persons who cannot afford to consume any goods or services at the specified price.To address such a consumer loss, imagine that you are now tasked with imposing a “surplus tax” on consumers through the addition of an individual sales tax which will be added to the market price of certain goods and services. The proceeds from such a tax will be used to compensate an equal number of those consumers at the bottom of the demand curve, thereby, giving them the opportunity to consume such goods and services which they otherwise would not have been able to purchase at the specified price.What would be the various consequences of this tax on both consumption as well as production?

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Sociology
Thank you so much. Your Team is the greatest!
Customer 452919, May 3rd, 2022
Education
Thank you so much!!! Will use this service again highly recommend this site!!!
Customer 452739, May 2nd, 2021
Arts and Applied Science
Thank you, I will provide more details after the discussion is graded.
Customer 452919, February 1st, 2025
Arts and Applied Sciences
I am having to run the paper through my editor, which is a good thing. It allows me to edit any errors.
Customer 452919, January 20th, 2025
Sociology
Thank you Team!
Customer 452919, April 5th, 2022
History
Thank you for your assistance.
Customer 452919, November 24th, 2024
Education
Great Job !!
Customer 453117, September 17th, 2022
History
Thanking you all in advance for your assistance.
Customer 452919, November 26th, 2024
Psychology
Communication on the small delay was appreciated and final result was worth the wait. Thank you.
Customer 452665, March 18th, 2021
Management
Excellent work done. Thank you
Customer 452829, August 1st, 2021
Communications
Thank you.
Customer 452723, April 22nd, 2021
Sociology
Thank you, this is an 8-week course, so I will be needing your assistance.
Customer 452919, January 20th, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat