Economics B A-Level
Surplus
What Surplus means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Surplus
Check what you remember
Read the wording for your board, then hide it and explain Surplus in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Shown on a diagram as the horizontal distance between the demand and supply curves at a price above equilibrium.
Topics that use Surplus
- Price determination (Pearson Edexcel A-Level)
Related terms
- Ceteris paribus
- Excess demand
- Excess supply
- Incentives and rationing
- Market dynamics
- Market equilibrium
- Market-clearing price
- Non-price determinants
Using Surplus in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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