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    ptan123
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    The document contains 11 graphs illustrating various microeconomics concepts including: 1) Supply and demand curves showing the relationship between price and quantity. 2) Shifts in supply and demand curves from changes in price, quantity supplied/demanded. 3) Budget constraints showing tradeoffs between goods. 4) Indifference curves showing consumer preferences between goods.

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    The document contains 11 graphs illustrating various microeconomics concepts including: 1) Supply and demand curves showing the relationship between price and quantity. 2) Shifts in supply and demand curves from changes in price, quantity supplied/demanded. 3) Budget constraints showing tradeoffs between goods. 4) Indifference curves showing consumer preferences between goods.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    3 views4 pages

    Micro Graphs

    Uploaded by

    ptan123
    The document contains 11 graphs illustrating various microeconomics concepts including: 1) Supply and demand curves showing the relationship between price and quantity. 2) Shifts in supply and demand curves from changes in price, quantity supplied/demanded. 3) Budget constraints showing tradeoffs between goods. 4) Indifference curves showing consumer preferences between goods.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 4

    Microeconomics - PROBLEM SET 1

    Thursday section: Due Oct. 7th

    Price S2
    ($) S1

    p2 e2

    p1 e1

    q2 q1 Quantity
    (tons)

    Price S1
    ($) S2

    P1 e1

    P2
    e2

    D1

    Q1 Q2 Quantity
    (tons)
    Price
    ($ m)

    P1 e1

    e2
    P2 D1

    D2

    Q2 Q1 Quantity ( ‘000 kgs)

    Price ($) per unit


    S2
    S1

    D1
    p1 e2 e1

    q2 q1 Quantity per
    time period

    Price ($) per unit


    S1

    p1 e1

    D1

    q1 Quantity per
    time period
    Price
    ($) S

    p1
    e1

    p2 Price Ceiling

    Qs Q Qd Quantity

    Excess Demand

    All other goods


    units per week
    10 Gallon per week

    L2

    L1

    L3 Gasoline gallons per


    week

    Good A

    Pa1

    Pa2

    Pb2 Pb1 Good B


    All other goods - $
    per month

    115

    100

    100 200
    Food - $ per month

    $ per can of Coke

    Pp

    Demand Curve

    Y / Pp

    Coke cans per year

    Time constraint

    Y2 e2
    I2

    e1
    Y1
    I1

    N1 = 16 N1 = 17 24 N, Liesure hours per day


    H1 = 8 H1 = 7 0 H, Work hours per day

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