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1) In the green cells, type the intercept and slope of the
inverse market demand function P = a - bQ and then PRESS
E
Intercept (a)
Slope (b)
2) In the green cell, type the intercept and slope of the
inverse market supply function P = c " dQ and then PRESS
E
Intercept (c)
Slope (d)
DEMAND AND SUPPLY EQUILIBRIUM OUTCOME
Mar!et
Quantity #DIV/0!
Price #DIV/0!
Consumer Surplus #DIV/0!
Producer Surplus #DIV/0!
MAR"ET STRUCTURE LINEAR DEMAND AND LINEAR SUPPLY #
* Note: Intercept (a) must be greater than Intercept
(c) > 0
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1) In the green cells, type the intercept and slope of the
inverse market demand function P = a - bQ and then PRESS
E
Intercept (a) 100
Slope (b) 8
2) In the green cell, type the intercept and slope of the
inverse market supply function P = c " dQ and then PRESS
E
Intercept (c) 0Slope (d) 2
) In t"e ree cell$ type t"e price ceilin%%
DEMAND AND SUPPLY EQUILIBRIUM OUTCOME
Mar!et
Pre$Ce%l%n& E'%l%br%
Quantity #DIV/0!
Price #DIV/0!
Consumer Surplus #DIV/0!Producer Surplus #DIV/0!
Po*t$Ce%l%n& E'%l%br%
Quantity Demanded #DIV/0!
Quantity Supplied #DIV/0!
#DIV/0!
Price &'00
(ull conomic Price #DIV/0!
Consumer Surplus #DIV/0!
Producer Surplus #DIV/0!
Dead*ei"t +oss #DIV/0!
MAR"ET STRUCTURE LINEAR DEMAND AND LINEAR SUPPLY +IT, PRICE
CEILIN-#
S"ortae ,QD - QS)
* Note: Intercept (a) must be greater than Intercept
(c)
** Note: price ceiling must be below the equilibrium
price and above Intercept (c)
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MAR"ET STRUCTURE LINEAR DEMAND AND LINEAR SUPPLY +IT, PRICE
.LOOR#
1) In the green cells, type the intercept and slope of the
inverse market demand function P = a - bQ and then PRESS
E
Intercept (a) 100
Slope (b) 8
2) In the green cell, type the intercept and slope of the
inverse market supply function P = c " dQ and then PRESS
E
Intercept (c) 0Slope (d) 2
) In t"e ree cell$ type t"e price .loor%%
DEMAND AND SUPPLY EQUILIBRIUM OUTCOME
Mar!et
Pre$.loor E'%l%br%
Quantity #DIV/0!
Price #DIV/0!
Consumer Surplus #DIV/0!Producer Surplus #DIV/0!
Po*t$.loor E'%l%br%
Quantity Demanded #DIV/0!
Quantity Supplied #DIV/0!
#DIV/0!
Price &'00
Consumer Surplus #DIV/0!
Producer Surplus #DIV/0!
Dead*ei"t +oss #DIV/0!
Surplus ,QS - QD)
* Note: Intercept (a) must be greater than Intercept
(c) > 0
** Note: price floor must be above the equilibrium
price and below Intercept (a)
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1) In the green cells, type the intercept and slope of the
inverse market demand function P = a - bQ and then PRESS
Initial Demand e* Demand
Intercept (a)
Slope (b) 0'00002 0'00002
2) In the green cell, type the intercept and slope of the
inverse market supply function P = c " dQ and then PRESS
E
Initial Supply e* Supply
Intercept (c) '
Slope (d) 0'0000 0'0000
DEMAND AND SUPPLY EQUILIBRIUM OUTCOME
In%t%al Mar!et Ne/ Mar!et C0an&e
Quantity 0000'0 000'0 -000'0
Price &'00 &'10 &0'10
Consumer Surplus &2$000'00 &20$20'00 -&$0'00Producer
Surplus &0$000'00 &0$00'00 -&3$00'00
MAR"ET STRUCTURE COMPARATI1E STATICS .OR LINEAR DEMAND AND
LINEAR SUPPLY #
* Note: Intercept (a) must be greater than Intercept
(c) > 0
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