2. Demand for and Supply of Greebes PRICE $ per Greebe QUANTITY DEMANDED (millions of Greebes) QUANTITY SUPPLIED (millions of Greebes) $.15300100.20250150.25200.30150250.35100300

3. Demand for and Supply of Greebes 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE

4. Demand for and Supply of Greebes 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

5. #1 an equilibrium price of _____ and equilibrium quantity of ________ 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

6. #2 AT A PRICE OF $.30 per GREEBE 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

7. #2 a SURPLUS AT $.30 THE QUANTITY SUPPLIED EXCEEDS THE QUANTITY DEMANDED by 100 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand SURPLUS

8. #3 AT A PRICE OF $.20 per GREEBE 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

9. #3 a SHORTAGE AT $.20 THE QUANTITY DEMANDED EXCEEDS THE QUANTITY SUPPLIED by 100 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand SHORTAGE

10. #4 Consumer and Producer Surplus 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Surplus Consumer Surplus

11. #4a Consumer and Producer Surplus 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Surplus Consumer Surplus SURPLUS

12. #5 Consumer and Producer Surplus and a negative change in supply 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Surplus Consumer Surplus Supply 1

13. #5 Consumer and Producer Surplus and a negative change in supply 50.30.35.40.45.50.55.10.15.20.25 200250300350400.05 100150 QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Consumer Supply 1