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7/30/2019 Supply and Demand Notes
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7/30/2019 Supply and Demand Notes
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P QS = QD
P QS = QD
QS = QDP
P
Q
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7/30/2019 Supply and Demand Notes
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Q P
Q P
P = .25Q + 2
P =
.5Q + 8
.25Q + 2 = .5Q + 8
.75Q = 6 Q = 8
P Q = 8
P = .25Q + 2
Q = 8 P = .25(8) + 2
P = 4
Q = 8 P = 4
P Q
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7/30/2019 Supply and Demand Notes
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7/30/2019 Supply and Demand Notes
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P
P
P
Q
P
P
Q
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7/30/2019 Supply and Demand Notes
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AreaOfTrianle =1
2base height
Supply : Q = 10P 280
Demand : Q = 200 2P
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7/30/2019 Supply and Demand Notes
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P
P Q
Supply : P = 28 + 110
Q Demand : P = 100 12
Q
P = 40 Q = 120
CS = 3600 P S = 720
STax : P = 40 +1
10Q PTax = 50 QTax = 100
RevenueTax = $1200 CSTax = 2500 P STax = 500 DW L = 120
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