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Quantity Demanded $6000 $5001,500 $4002,750 $3003,750 $2004,500 $1005,000 Price Per watch Demand Schedule 1 2 3 4 5 6 7 8 9 10 Quantity Demanded (in thousands)

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Presentation on theme: "Quantity Demanded $6000 $5001,500 $4002,750 $3003,750 $2004,500 $1005,000 Price Per watch Demand Schedule 1 2 3 4 5 6 7 8 9 10 Quantity Demanded (in thousands)"— Presentation transcript:

1 Quantity Demanded $6000 $5001,500 $4002,750 $3003,750 $2004,500 $1005,000 Price Per watch Demand Schedule 1 2 3 4 5 6 7 8 9 10 Quantity Demanded (in thousands) Price Per Watch (in hundreds) 1 2 3 4 5 6 7 8 9 10 0

2 Quantity Demanded $500500 $4001,000 $3001,500 $2003,000 $1005,000 $ 507,500 Price Per Car Stereo Demand Schedule 1 2 3 4 5 6 7 8 9 10 Quantity Demanded (in thousands) Price Per car Stereo (in hundreds) 1 2 3 4 5 6 7 8 9 10 0

3 Quantity Demanded $500 $405,000 $3010,000 $2030,000 $1040,000 $560,000 Price Per Hair Dryer Demand Schedule 1 2 3 4 5 6 7 8 9 10 Quantity Demanded (in 10 thousands) Price Per Hair Dryer (in tens) 1 2 3 4 5 6 7 8 9 10 0

4 Quantity Demanded Price Per Car Demand Schedule 1 2 3 4 5 6 7 8 9 10 Quantity Demanded Price Per Car 1 2 3 4 5 6 7 8 9 10 0

5 Price Per Slice Quantity Demanded Total Revenue $5100 $4130 $3150 $2250 $ 1 $ 2 $3 $4 $ 5 100 150 200 250 300

6 Quantity Supplied $30180 $24160 $18120 $1060 $120 Price Per Cake Supply Schedule 20 40 60 80 100 120 140 160 180 Quantity Supplied Price Per Cake 5 10 15 20 25 30 0

7 Quantity Supplied $70175 $60160 $50120 $4060 $2025 Price Per Skateboard Supply Schedule 20 40 60 80 100 120 140 160 180 200 Quantity Supplied (in Thousands) Price Per Skateboard 10 20 30 40 50 60 70 80 90 0

8 Quantity Supplied $5004000 $4003500 $3003000 $2002000 $1000 Price Per wii Supply Schedule 1 2 3 4 5 Quantity Supplied (In Thousands) Price Per wii (In Hundreds) 1 2 3 4 5 0

9 30 60 90 120 150 180 Quantity (In Thousands) Price Per Pair of Tennis Shoes 40 65 90 115 140 165 190 0 Price Per Pair Quantity Demanded Quantity Supplied $40180,0000 $65150,00030,000 $90120,00060,000 $11590,000 $14060,000120,000 $16530,000150,000 $1900180,000

10 100 200 300 400 500 600 Price Per Motor Scooter 250 500 750 1000 1250 1500 1750 0 Price Per Scooter Quantity Demanded Quantity Supplied $250600,0000 $500500,000100,000 $750400,000200,000 $1,000300,000 $1,250200,000400,000 $1,500100,000500.000 $1,7500600,000

11 30 60 90 120 150 180 Price Per Ticket 15 30 45 60 75 90 105 0 Price Per Ticket Quantity Demanded Quantity Supplied $15150,0000 $30120,00030,000 $4590,00060,000 $6060,00090,000 $7530,000120,000 $900150,000

12 Price Quantity Demanded Quantity Supplied $10400300 $20350 $30300400 $40250450 $50200500 Price Per Pizza 10 20 30 40 50 60 0 100 200 300 400 500 600 EP 1 =$20 EQ 1 = 350 Pizzas

13 The price of flour to make pizza dough Increases. This causes a shift in the ____________ curve to the ___________. The pizzas will be supplied at every price by 50 less.

14 Price Quantity Demanded Quantity Supplied $10400250 $20350300 $30300350 $40250400 $50200450 Price Per Pizza 10 20 30 40 50 60 0 100 200 300 400 500 600 EP 2 =$25 EQ 2 = 320 Pizzas

15 The pizza parlor discovered a great new Deep dish pizza that consumers love! This Causes a shift in the ____________ curve to the ___________. They are willing to Purchase 50 more pizzas at every price.

16 PriceQuantity Demanded Quantity Supplied $10450250 $20400300 $30350 $40300400 $50250450 Price Per Pizza 10 20 30 40 50 60 0 100 200 300 400 500 600 EP 3 =$30 EQ 3 = 350 Pizzas

17 Price Per Pizza 10 20 30 40 50 60 0 100 200 300 400 500 600 Using the new equilibrium; S2 & D2 At $50 there is a (surplus/shortage) of about_______ pizzas? At $10 there is a (surplus/shortage) of about _______ pizzas? 1. 200 2. 200


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