Professional Documents
Culture Documents
Demand curve
Linear (Demand curve)
Supply curve
Linear (Supply curve)
Demand curve changed
Linear (Demand curve changed)
0 40 50 60 70 80 90 100 110
Qty demanded Price of Arrow Price of van
of Arrow Shirts Shirts hausen shirts
QdA PA PVH QdA
20 5000 6500 20
25 4800 6100
30 4600 5700
35 4400 5300
40 4200 4900
45 4000 4500
50 3800 4100
55 3600 3700
60 3400 3300
65 3200 2900
70 3000 2500
75 2800 2100
80 2600 1700
85 2400 1300
90 2200 900
95 2000 500
PA PVH
5000 6500 20000 Qd = f(P) inverse
6100 22000 Qs = f(P) direct
5200 25000
5300
4200
3400 38000
Movies Utility TU MU
2 10 10 MU
4 9 19 4.5 TU
6 7 26 3.5
8 5 31 2.5
10 4 35 2
12 3 38 1.5
14 2 40 1
16 1 41 0.5
18 0 41 0
20 -1 40 -0.5 45
40
35
Movies TU MU 30
2 10 25
4 19 4.5
20
6 26 3.5
8 31 2.5 15
10 35 2 10
12 38 1.5
5
14 40 1
16 41 0.5 0
0 5 10 15
18 41 0 -5
20 40 -0.5
Marginal Utility
Total Utility
TU
MU
10 15 20 25