50 likes | 193 Views
P (Thousands of Dollars per ton). 20. A. Supply. 10. B. E. 8. C. F. 7. D. Demand. 2. Q (millions of tons). 10. 12. P ($/Haircut). 70. A. 40. B. C. Marginal Cost. 10. 30. 60. Q (haircuts per day). A. P 0. B. C. S (Marginal Cost). P 1. Demand. Q 0. Q. Q 1.
E N D
P (Thousands of Dollars per ton) 20 A Supply 10 B E 8 C F 7 D Demand 2 Q (millions of tons) 10 12
P ($/Haircut) 70 A 40 B C Marginal Cost 10 30 60 Q (haircuts per day)
A P0 B C S (Marginal Cost) P1 Demand Q0 Q Q1
Dollars per Bottle 30 Demand Consumer Surplus Supply 10 Producer Surplus 7 Seller Cost 4 100 200 Thousands of Bottles