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example 3

example 3. Market Equilibrium. Chapter 2.3. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given

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example 3

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  1. example 3 Market Equilibrium Chapter 2.3 Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Does this price give a surplus or a shortfall of the product? What price gives market equilibrium? 2009 PBLPathways

  2. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Does this price give a surplus or a shortfall of the product? What price gives market equilibrium?

  3. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded?

  4. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  5. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  6. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  7. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  8. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  9. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  10. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  11. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  12. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  13. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. If the price is $140, how many units are supplied and how many are demanded? Demand function: price per unit quantity of units Supply function:

  14. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. Does this price give a surplus or a shortfall of the product? Demand function: price per unit quantity of units Supply function:

  15. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. Does this price give a surplus or a shortfall of the product? Demand function: price per unit quantity of units Supply function:

  16. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium?

  17. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium?

  18. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium?

  19. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium? Supply (20,160) Demand

  20. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium? Supply (20,160) Demand

  21. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium? Supply (20,160) Demand

  22. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium? Supply (20,160) Demand

  23. Suppose the daily demand for a product is given by , where q is the number of units demanded and p is the price per unit in dollars, and that the daily supply is given by , where q is the number of units supplied and p is the price per unit in dollars. What price gives market equilibrium? Supply (20,160) Demand 2009 PBLPathways

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