1 / 1

P* = $3.50

EXCESS DEMAND 50. BUFFER STOCK SELLS 50. EXCESS SUPPLY 20. BUFFER STOCK BUYS 20. P = $4.00. Price Ceiling. P = $3.00. Price Floor. D’. 10. 30. 70. 120. The diagram below shows the world market for tin. P. S. P* = $3.50. D. Q. 50. TIN QUANTITY( 1000 LBS).

miranda-ballard
Download Presentation

P* = $3.50

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. EXCESS DEMAND 50 BUFFER STOCK SELLS 50 EXCESS SUPPLY 20 BUFFER STOCK BUYS 20 P = $4.00 Price Ceiling P = $3.00 Price Floor D’ 10 30 70 120 The diagram below shows the world market for tin. P S P* = $3.50 D Q 50 TIN QUANTITY( 1000 LBS) Trade and welfare

More Related