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  • Figure 3-1: Market Equilibrium With Supply Shift

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    เป๋าเด็ดกระเป๋าคุณภาพราคาถูก
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    This document contains 5 figures illustrating different economic concepts related to supply and demand. Figure 3-1 shows how market equilibrium changes with a supply shift. Figure 3-2 depicts a perfectly inelastic demand curve. Figure 3-3 shows a perfectly elastic demand curve. Figure 3-4 illustrates both supply and demand shifts. Figure 3-5 demonstrates the impact of a producer tax on the supply curve.

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    MIT14_01SCF11_graph03

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    MIT14_01SCF11_graph03

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    This document contains 5 figures illustrating different economic concepts related to supply and demand. Figure 3-1 shows how market equilibrium changes with a supply shift. Figure 3-2 depicts a perfectly inelastic demand curve. Figure 3-3 shows a perfectly elastic demand curve. Figure 3-4 illustrates both supply and demand shifts. Figure 3-5 demonstrates the impact of a producer tax on the supply curve.

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    © All Rights Reserved
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    2 views6 pages

    Figure 3-1: Market Equilibrium With Supply Shift

    Uploaded by

    เป๋าเด็ดกระเป๋าคุณภาพราคาถูก
    This document contains 5 figures illustrating different economic concepts related to supply and demand. Figure 3-1 shows how market equilibrium changes with a supply shift. Figure 3-2 depicts a perfectly inelastic demand curve. Figure 3-3 shows a perfectly elastic demand curve. Figure 3-4 illustrates both supply and demand shifts. Figure 3-5 demonstrates the impact of a producer tax on the supply curve.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Figure 3-1: Market equilibrium with supply shift

    S2
    S1

    P2

    e2
    e1

    P1

    D
    0

    Q2

    Q1
    Q

    Figure 3-2: Perfectly inelastic demand

    S2

    S1

    P2

    e2

    P1

    e1

    Figure 3-3: Perfectly elastic demand

    S2

    S1

    e1

    e2

    Q2

    Q1
    Q

    Figure 3-4: Supply and demand shifts

    S2
    S1

    p, $ per kg

    P2
    P1

    e2

    e2'
    e1

    D2
    D1
    0

    Q2

    Q1

    Q2

    Q, Million kg of pork per year

    Figure 3-5: Impact of a producer tax


    S2
    p, $ per kg

    S1

    e2

    p1 = 4.00
    e1

    p2 = 3.30
    p2 - = 2.95

    D
    0

    Q2 = 206

    Q1 = 220

    Q, Million kg of pork per year

    MIT OpenCourseWare
    http://ocw.mit.edu

    14.01SC Principles of Microeconomics


    Fall 2011

    For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms.

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