The increase in wholesale price of wheat in Pakistan and resultantly decrease in quantity demanded would have caused a loss of consumer's surplus of Rs 12,557 million (using Equation 5 of the analytical framework in methodology).
What does CS stand for?
CS stands for Consumer's Surplus (economics)
This definition appears frequently and is found in the following Acronym Finder categories:
- Science, medicine, engineering, etc.
- Business, finance, etc.
See other definitions of CS
We have 301 other meanings of CS in our Acronym Attic
- Consadole Sapporo (Japanase sports club)
- Conseil Scientifique (French: Scientific Council)
- Conseiller a la Sécurité (French: Security Advisor)
- Consigne de Sécurité (French: Security Deposit)
- Constant Source
- Constraint Set
- Construction Site
- Construction Specialist
- Consulting Services (various companies)
- Consumables Status
Samples in periodicals archive:
If the consumer's surplus for good i is clearly larger than for any other good on the list, then it is probably that this opportunity cost could function somehow in the opposite direction, generating a thinking such as: "the good k seemed kind of expensive, anyway; instead of maintaining the quantity I buy constantly, I'd rather reduce it and direct the money towards good i, which has a more reasonable price".
1981) Exact Consumer's Surplus and Deadweight Loss.
In the fifth part I discuss some implications of the model for consumer's surplus and welfare.
This eliminates the need for price and cost data because the objective becomes zero consumer's surplus loss instead of profit maximization.