'Qs qd' diaporamas de présentation

Chapter 6 notes

Chapter 6 notes. Supply, Demand, and Government Policies. Controls on Prices. Are usually enacted when policymakers believe the market price is unfair to buyers or sellers. Result in government-created price ceilings and floors. Price Ceiling

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P $5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00

P $5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00. Qs 100 95 88 79 68 52 39 25 20. Qd 10 15 21 26 33 41 53 70 95. ???. In a market with no government interference, what will the price of a widget end up being?. P. $5.00 $4.00 $3.00 $2.00 $1.00. S. D.

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Economics 111.3 Winter 14

Economics 111.3 Winter 14. January 27 th , 2014 Lecture 8 Ch. 3 and Ch. 6. Question 1.

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Market Clearing Price

Market Clearing Price. (Balance in the Market) . When the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal.

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Linear Algebra

Linear Algebra. 1. Find the point of intersection:. Let Supply: Q s =3p and Demand: Q d =200-p Q s =3p=3*50=150 Q d =200-p=200-150=150 Equilibrium: Q s =Q d 3p=200-p 4p=200 p=50 Thus Q=3x50=150. 200. S. 50. D. 150. 200. Linear Algebra.

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