https://gdpark.blog/tags/consumer-surplus/Recent content in Consumer Surplus on gdpark.blogHugoenSun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-21-compensating-variation-and-equivalent-variation/Sun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-21-compensating-variation-and-equivalent-variation/We dig into compensating and equivalent variation — two ways to pin down how much a price change is worth by pretending it was an income change instead.