Science:Math Exam Resources/Courses/MATH105/April 2011/Question 04/Hint 1

From UBC Wiki

The market equilibrium is defined to be the intersection point of the graphs of the demand function and the supply functions.

If denotes the demand function as a function in the quantity and if the market equilibrium is given by the point , then the consumer surplus is given by the formula

See the wikipedia page on Economic surplus for more information about the market equilibrium and the consumer surplus.