Price Ceiling Bath
Nov. 3rd, 2009 12:20 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
tsukikage"The maximum price a consumer would be willing to pay for a given amount is the sum of the maximum price he would be willing to pay for the first unit, the maximum additional price he would be willing to pay for the second unit, etc."
Alright, there's a damn clear explanation. I always feel like I learn the best when the explanation is thorough enough that it feels... obvious. Or natural. I don't memorize as much as I internalize.
Anyways, staring and thinking and staring and thinking some more, both the concept of deadweight loss and the meaning of that area on the S&D graph is becoming clearer. It's still not excellent, but I think soon I'll be able to actually take my quiz and move on.
Seriously, though, for all the time the fucking lecturer spent showing us how to draw a curve using a table of values, why the hell didn't he explain this any better?
Alright, there's a damn clear explanation. I always feel like I learn the best when the explanation is thorough enough that it feels... obvious. Or natural. I don't memorize as much as I internalize.
Anyways, staring and thinking and staring and thinking some more, both the concept of deadweight loss and the meaning of that area on the S&D graph is becoming clearer. It's still not excellent, but I think soon I'll be able to actually take my quiz and move on.
Seriously, though, for all the time the fucking lecturer spent showing us how to draw a curve using a table of values, why the hell didn't he explain this any better?
