Week Quantity Price of Shirt Intercept Slope

1 38 $19.99 49.41759 -0.750887

2 40 $19.99
Demand Sheet of Shirt
3 40 $19.99
$25.00
4 43 $19.99
5 41 $17.45
$20.00 f(x) = − 0.750886524822695 x + 49.4175886524823
6 45 $14.92
7 45 $19.99 $15.00 C
8 46 $14.92

Price
L
9 47 $12.38 $10.00 D
10 41 $19.99
$5.00
11 40 $17.45
12 42 $12.38 $0.00
36 38 40 42 44 46 48
13 41 $19.99
14 44 $19.99 Quantity
15 39 $19.99
16 43 $14.92
17 43 $17.45
18 42 $19.99
19 43 $19.99
20 45 $9.84
 Price Predicted Quantity
$25.00 32.518347107438
eet of Shirt
$20.00 39.1771428571429

2695 x + 49.4175886524823
%∆Q -0.185752151299738
Column C %∆P 0.222222222222222
Linear (Column C) Elasticity 0.835884680848821
Demand Elastic or Inelastic? Inelastic

46 48
 Quantity Marginal Cost
10 $4.10 Supply Sheet of Shirt
20 $9.48 $30.00
30 $14.87
40 $20.25 $25.00
f(x) = 0.5383 x − 1.2833
50 $25.63 $20.00

$15.00

Price
%∆Q -1.333333333333
%∆P -1.448434987925 $10.00
Elasticity 0.920533779181
$5.00
Elastic or Inelastic? Inelastic
$0.00
5 10 15 20 25 30 35 40 45 50 55
Quantity
heet of Shirt

33

Column C
Supply

0 35 40 45 50 55
ty
 Q P1 P2
Quantity Demand Supply Shifted Supply
10 $41.91 $4.10 6.0997
20 $34.40 $9.48 11.4827 Equilibr
30 $26.89 $14.87 16.8657
$45.00
40 $19.38 $20.25 22.2487
$40.00 f(x) = − 0.7509
50 $11.87 $25.63 27.6317
$35.00
$30.00
Slope Intercept Equation
$25.00
P1= -0.7509Q+49.418 f(x) = 0.5383 x −

Price
-0.7509 49.418
Equations $20.00
0.5383 -1.2833 P2 = 0.5383Q-1.2833 $15.00
$10.00
Equilibrium Price 19.89 $5.00
Equilibrium Quantity 39.33 $0.00
5 10 15 20 25

At $15.99: $15.99 Qua

Quanitty Demanded 44.52
Quantity Supplied 32.09
Shortage or Surplus? Shortage
By how much? 12.43
Name Niraj Kumar Jaishwal

BONUS
Tax per shirt $2 Equilibrium Sheet for S
Buyer's Price $21.05 $45.00
$40.00 f(x) = − 0.7509 x + 49.418
Slope of shifted supply curve 0.5383 $35.00
Intercept of shifted supply curv 0.7167 $30.00
Shifted Equilibrium price 21.0517215560037 $25.00
f(x) = 0.5383 x − 1.2833
Price

Shifted Equilibrium quantity 37.7763729444617 $20.00

$15.00
$10.00
$5.00
$0.00
5 10 15 20 25 30 35 40 45
Quantity
 Equilibrium Sheet for Shirt
$45.00
$40.00 f(x) = − 0.7509 x + 49.418
$35.00
$30.00 Demand
$25.00 Linear (Demand)
f(x) = 0.5383 x − 1.2833 Supply
$20.00
Linear (Supply)
$15.00 Equilibrium
$10.00
$5.00
$0.00
5 10 15 20 25 30 35 40 45 50 55
Quantity

quilibrium Sheet for Shirt after tax

x) = − 0.7509 x + 49.418
Demand
Linear (Demand)
Supply
x) = 0.5383 x − 1.2833 Linear (Supply)
Equilibrium
Supply plus Tax
Linear (Supply plus Tax)

15 20 25 30 35 40 45 50 55
Quantity