1. Market Equilibriums Chapter #6 EDWARD BAHAW - Economic Principles and Their Application to Business (ABE)
2. Movements along the demand curve EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) Panel A : Increase in Price (Contraction) Panel B : Decrease in Price (Extension) P D D A B D D X Y P 2 P 1 Q 1 Q 2 Q P 2 P 1 P Q 1 Q 2 Q
3. Increase in demand EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) P ($) D 1 D 1 Quantity D 2 D 2 O
4. Decrease in demand EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) D 2 D 2 D 1 D 1 P ($) Quantity O
5. Movements along the supply curve EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) P S S A B S S X Y P 2 P 1 Q 2 Q 1 Q P 2 P 1 P Q 1 Q 2 Q Panel A: Increase in Price (Extension) Panel B: Decrease in Price (Contraction)
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8. EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) Quantity P ($) S S D D E P E Q E Market Equilibrium
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11. EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) Quantity P ($) S S D D E P E P H Q D Q S Surplus Market Disequilibrium: Surplus
12. EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) Quantity P ($) S S D D E P E P L Q S Q D Shortage Market Disequilibrium: Shortage
13. S Q S D 1 D 1 Q 1 D 2 D 2 Q 2 E 1 E 2 P 1 P 2 P Q’ Shortage Increase in Demand EDWARD BAHAW - Economic Principles and Their Application to Business (ABE)
14. S Q S Q 1 D 1 D 1 D 2 D 2 Q 2 E 2 E 1 P 1 P 2 P Q’ Surplus Decrease in Demand EDWARD BAHAW - Economic Principles and Their Application to Business (ABE)
15. P D Q D S 1 S 1 Q 1 P 1 Q 2 S 2 S 2 P 2 E 1 E 2 Q’ Increase in Supply Surplus EDWARD BAHAW - Economic Principles and Their Application to Business (ABE)
16. EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) D P D Q P 1 S 1 S 1 S 2 S 2 P 2 E 1 Q 1 Q 2 E 2 Q’ Decrease in Supply Shortage
17. Effect of a Tax on Alcohol P ($) Quantity of Alcohol E 1 D D Tax S S + Tax Q 2 E 2 S O Government Tax Revenue Q 1 P 1 P 2 EDWARD BAHAW - Economic Principles and Their Application to Business (ABE)
18. Effect of a Subsidy on Gasoline P ($) Quantity of Gasoline E 2 D D Subsidy S 2 S 1 Q 1 E 1 S O P 1 P 2 Q 2 EDWARD BAHAW - Economic Principles and Their Application to Business (ABE)
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20. Price Ceiling EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) S S D D E Price Ceiling Q D Q S $3 $6 Quantity Shortage P($)
21. Price Floor EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) S S D D E Price Floor Quantity of Labour 1000 400 $100 Surplus of labour or unemployment $150 Wage
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25. Externalities and Production EDWARD BAHAW - Economic Principles and Their Application to Business (ABE) Under Production by market Positive Externalities No Externalities Negative Externalities Optimal Production by Market Over Production by Market
