Page 1
Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 8
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 2
Online Exercise 2: Mr. Araf, Muhammad Dalhat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 4
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 3
Online Exercise 2: Mr. Aroka, Puttaruk
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 4
Online Exercise 2: Ms. Arsira, Thevaruth
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 8
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 5
Online Exercise 2: Mr. Baker, Erik Michael
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 6
Online Exercise 2: Ms. Barenborg, Eva Maria
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 3
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 7
Online Exercise 2: Bawk, Nang Mai
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 8
Online Exercise 2: Mr. Benz, Tobias
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 9
Online Exercise 2: Ms. Boriboonprasert, Vimonwan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 10
Online Exercise 2: Mr. Calderon, German
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 11
Online Exercise 2: Ms. Chairatchutrakoon, Urunee
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 12
Online Exercise 2: Mr. Chakma, Poronoy
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 9
Price ceiling: P ceil = 6
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 13
Online Exercise 2: Ms. Chareonjitt, Benjapa
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 14
Online Exercise 2: Ms. Chomphuphio, Thanitha
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 8
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 15
Online Exercise 2: Ms. Daengchuang, Nida
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 16
Online Exercise 2: Ms. Dumrisathalamark, Prangsai
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 2
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 17
Online Exercise 2: Mr. Farahani, Javad
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 18
Online Exercise 2: Mr. Ghorbannejad, Saeed
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 2
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 19
Online Exercise 2: Mr. Guiao, Reynaldo Angelo III Nepomucero
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 20
Online Exercise 2: Ms. Hirunkulmetha, Premyuda
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 21
Online Exercise 2: Ms. Hongthongnoprakun, Jiraporn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 22
Online Exercise 2: Mr. Hsiao, Wei-Jhe
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 23
Online Exercise 2: Ms. Huang, Zheqi
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 6
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 24
Online Exercise 2: Mr. Hustedt, Felix
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 25
Online Exercise 2: Ms. Inpansuan, Anusara
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 26
Online Exercise 2: Mr. Inprasit, Sirirote
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 27
Online Exercise 2: Mr. Jorczik, Nicolas
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 8
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 28
Online Exercise 2: Mr. Karbakhsh, Ravari Amirreza
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 29
Online Exercise 2: Ms. Kerdrenu, Chalita
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 30
Online Exercise 2: Mr. Khan, Boris
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 5
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 31
Online Exercise 2: Mr. Kharajinezhadian, Ali
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 8
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 32
Online Exercise 2: Ms. Khusaksrisakul, Thirada
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 33
Online Exercise 2: Knof, Pia
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 34
Online Exercise 2: Ms. Kolodziejczyk, Ewa Magdalena
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 7
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 35
Online Exercise 2: Mr. Kunpaya, Pramote
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 36
Online Exercise 2: Ms. Khler, Maike Emmi Lina
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 37
Online Exercise 2: Mr. Lerdthanavaranont, Yossawaj
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 38
Online Exercise 2: Ms. Likittakul, Saowarat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 2
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 39
Online Exercise 2: Mr. Lotfian, Ali
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 3
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 40
Online Exercise 2: Ms. Mali, Maiyida
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 41
Online Exercise 2: Ms. Malla, Sharada
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 8
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 42
Online Exercise 2: Ms. Manussawon, Kaewchaisa
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 43
Online Exercise 2: Mr. Mariel, Samsonov Victor
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 9
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 44
Online Exercise 2: Ms. Meekaew, Dusita
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 45
Online Exercise 2: Mr. Mo, Xinghua
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 46
Online Exercise 2: Mr. Moghaddam, Mohssen
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 16
Price ceiling: P ceil = 6
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 47
Online Exercise 2: Ms. Mohammadi, Negar
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 2
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 48
Online Exercise 2: Ms. Neesang, Narisara
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 49
Online Exercise 2: Ms. Nithipaphawarin, Aornuupin
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 8
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 50
Online Exercise 2: Ms. Nusanram, Nonglak
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 51
Online Exercise 2: Onuoha, Justice
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 7
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 52
Online Exercise 2: Mr. Padoongmatvoragool, Tharparkorn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 6
World market price: Pworld = 9
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 53
Online Exercise 2: Pang, Da
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 54
Online Exercise 2: Mr. Pao-In, Gunthorn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 55
Online Exercise 2: Ms. Phanwanitdumrong, Waleerat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 56
Online Exercise 2: Mr. Pohl, Felix
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 10
World market price: Pworld = 16
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 57
Online Exercise 2: Ms. Ponpaditthanon, Chutikan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 58
Online Exercise 2: Ms. Pornchayanon, Chutima
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 2
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 59
Online Exercise 2: Ms. Prapapitayakorn, Pichapun
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 2
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 60
Online Exercise 2: Mr. Puangpook, Nawa
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 7
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 61
Online Exercise 2: Ms. Rodmanotham, Suchada
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 62
Online Exercise 2: Mr. Saisakares, Jakapong
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 10
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 63
Online Exercise 2: Mr. Samsonov, Victor
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 64
Online Exercise 2: Ms. Sangkaew, Prapasri
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 65
Online Exercise 2: Mr. Sangvijit, Pongsakorn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 8
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 66
Online Exercise 2: Mr. Saraphat, Somboon
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 7
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 67
Online Exercise 2: Ms. Sasithorn, Wongwan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 8
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 68
Online Exercise 2: Mr. Schroeter, Marius Robin
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 6
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 69
Online Exercise 2: Mr. Sguazzi, Manuel
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 70
Online Exercise 2: Ms. Singhapan, Khajornpan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 4
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 71
Online Exercise 2: Mr. Stocker, Herbert
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 9
World market price: Pworld = 16
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 72
Online Exercise 2: Ms. Suphasiri, Nantanit
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 9
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 73
Online Exercise 2: Mr. Suwatpanich, Surbphong
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 6
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 74
Online Exercise 2: Ms. Thongbainoy, Chiranan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 4
World market price: Pworld = 16
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 75
Online Exercise 2: Ms. Tongchai, Kanokwan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 8
World market price: Pworld = 9
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 76
Online Exercise 2: Ms. Tuboso, Donnabel Abarra
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 77
Online Exercise 2: Mr. Wang, Xinke
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 78
Online Exercise 2: Wangtaweesap, Pornpen
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 8
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 79
Online Exercise 2: Ms. Wongsakulchai, Nuchanat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 80
Online Exercise 2: Ms. Worasan, Somjai
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 81
Online Exercise 2: Mr. Xiang, Mengkun
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 82
Online Exercise 2: Ms. Xiao, Hongyu
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 3
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 83
Online Exercise 2: Ms. Xie, Meihong
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 7
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 84
Online Exercise 2: Ms. Zhu, Yajing
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Page 85
Online Exercise 2: Ms. Zhu, Hongpei
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 5
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.