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 transcript:

Quantity Demanded $6000 $5001,500 $4002,750 $3003,750 $2004,500 $1005,000 Price Per watch Demand Schedule Quantity Demanded (in thousands) Price Per Watch (in hundreds)

Quantity Demanded $ $4001,000 $3001,500 $2003,000 $1005,000 $ 507,500 Price Per Car Stereo Demand Schedule Quantity Demanded (in thousands) Price Per car Stereo (in hundreds)

Quantity Demanded $500 $405,000 $3010,000 $2030,000 $1040,000 $560,000 Price Per Hair Dryer Demand Schedule Quantity Demanded (in 10 thousands) Price Per Hair Dryer (in tens)

Quantity Demanded Price Per Car Demand Schedule Quantity Demanded Price Per Car

Price Per Slice Quantity Demanded Total Revenue $5100 $4130 $3150 $2250 $ 1 $ 2 $3 $4 $

Quantity Supplied $30180 $24160 $18120 $1060 $120 Price Per Cake Supply Schedule Quantity Supplied Price Per Cake

Quantity Supplied $70175 $60160 $50120 $4060 $2025 Price Per Skateboard Supply Schedule Quantity Supplied (in Thousands) Price Per Skateboard

Quantity Supplied $ $ $ $ $1000 Price Per wii Supply Schedule Quantity Supplied (In Thousands) Price Per wii (In Hundreds)

Quantity (In Thousands) Price Per Pair of Tennis Shoes Price Per Pair Quantity Demanded Quantity Supplied $40180,0000 $65150,00030,000 $90120,00060,000 $11590,000 $14060,000120,000 $16530,000150,000 $ ,000

Price Per Motor Scooter Price Per Scooter Quantity Demanded Quantity Supplied $250600,0000 $500500,000100,000 $750400,000200,000 $1,000300,000 $1,250200,000400,000 $1,500100, $1, ,000

Price Per Ticket Price Per Ticket Quantity Demanded Quantity Supplied $15150,0000 $30120,00030,000 $4590,00060,000 $6060,00090,000 $7530,000120,000 $900150,000

Price Quantity Demanded Quantity Supplied $ $20350 $ $ $ Price Per Pizza EP 1 =$20 EQ 1 = 350 Pizzas

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.

Price Quantity Demanded Quantity Supplied $ $ $ $ $ Price Per Pizza EP 2 =$25 EQ 2 = 320 Pizzas

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.

PriceQuantity Demanded Quantity Supplied $ $ $30350 $ $ Price Per Pizza EP 3 =$30 EQ 3 = 350 Pizzas

Price Per Pizza 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?