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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 ENTER
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 ENTER
Intercept (c)
Slope (d)
en PRESS ENTER
MARKET STRUCTURE: LINEAR DEMAND AND LINEAR SUPPLY WITH PRICE CEILING*
1)
In the green cells, type the intercept and slope of the inverse market demand function P = a - bQ and then PRESS ENTER
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 ENTER
Intercept (c)
50
Slope (d)
2
3)
55
#DIV/0!
$55.00
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
**
Note: price ceiling must be below the equilibrium price and above Intercept (c)
en PRESS ENTER
n PRESS ENTER
MARKET STRUCTURE: LINEAR DEMAND AND LINEAR SUPPLY WITH PRICE FLOOR*
1)
In the green cells, type the intercept and slope of the inverse market demand function P = a - bQ and then PRESS ENTER
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 ENTER
Intercept (c)
50
Slope (d)
2
3)
75
#DIV/0!
$75.00
#DIV/0!
#DIV/0!
#DIV/0!
**
Note: price floor must be above the equilibrium price and below Intercept (a)
en PRESS ENTER
n PRESS ENTER
MARKET STRUCTURE: COMPARATIVE STATICS FOR LINEAR DEMAND AND LINEAR SUPPLY *
1)
In the green cells, type the intercept and slope of the inverse market demand function P = a - bQ and then PRESS ENTER
Initial Demand
New Demand
6
Intercept (a)
6
0.00002
Slope (b)
0.00002
2)
In the green cell, type the intercept and slope of the inverse market supply function P = c + dQ and then PRESS ENTER
Initial Supply
Intercept (c)
Slope (d)
New Supply
3
0.00004
3.3
0.00004
New Market
45000.0
$5.10
$20,250.00
$40,500.00
Change
-5000.0
$0.10
-$4,750.00
-$9,500.00
PLY *
hen PRESS ENTER
en PRESS ENTER