1 / 5

Supply

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.

luka
Download Presentation

Supply

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. 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

  2. P ($/Haircut) 70 A 40 B C Marginal Cost 10 30 60 Q (haircuts per day)

  3. A P0 B C S (Marginal Cost) P1 Demand Q0 Q Q1

  4. Dollars per Bottle 30 Demand Consumer Surplus Supply 10 Producer Surplus 7 Seller Cost 4 100 200 Thousands of Bottles

More Related