6. Individual Demand P Q d $5 4 3 2 1 10 20 35 55 80 P Q D 3- 6 5 4 3 2 1 0 10 20 30 40 50 60 70 80 Quantity Demanded (bushels per week) Price (per bushel)
7.
8.
9. Individual Demand 6 5 4 3 2 1 0 Quantity Demanded (bushels per week) Price (per bushel) P Q d $5 4 3 2 1 10 20 35 55 80 P Q D 1 2 4 6 8 10 12 14 16 18 D 2 D 3 3-
10. Individual Demand 6 5 4 3 2 1 0 Quantity Demanded (bushels per week) Price (per bushel) P Q d $5 4 3 2 1 10 20 35 55 80 P Q D 1 2 4 6 8 10 12 14 16 18 D 2 D 3 Change in Demand Change in Quantity Demanded 3-
11.
12.
13. Individual Supply 6 5 4 3 2 1 0 Quantity Supplied (bushels per week) Price (per bushel) P Q s $5 4 3 2 1 60 50 35 20 5 P Q S 1 10 20 30 40 50 60 70 3-
14.
15. Individual Supply 6 5 4 3 2 1 0 Quantity Supplied (bushels per week) Price (per bushel) P Q s $5 4 3 2 1 60 50 35 20 5 P Q S 1 S 2 S 3 10 20 30 40 50 60 70 3-
16. Individual Supply 6 5 4 3 2 1 0 Quantity Supplied (bushels per week) Price (per bushel) P Q s $5 4 3 2 1 60 50 35 20 5 P Q S 1 S 2 S 3 10 20 30 40 50 60 70 Change in Quantity Supplied Change in Supply 3-
17.
18. Market Equilibrium 6 5 4 3 2 1 0 2 4 6 8 10 12 14 16 18 Bushels of Corn (thousands per week) Price (per bushel) P Q d $5 4 3 2 1 2,000 4,000 7,000 11,000 16,000 P Q s $5 4 3 2 1 12,000 10,000 7,000 4,000 1,000 7 3 D S $4 Price Floor 6,000 Bushel Surplus $2 Price Ceiling 7,000 Bushel Shortage 3-
19.
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22.
23. A Market for Human Organs P Q S 2 S 1 D 1 P 1 P 0 Q 1 Q 2 Q 3 Supply of Organs At Price P 1 the Shortage is Reduced By Q 1 – Q 2 Demand for Organs 3-
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