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Austan Goolsbee, Steven Levitt, Chad Syverson

Microeconomics
First Edition

Chapter 2
Supply and Demand

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Table 2.1 The Four Key Assumptions Underlying the Supply and Demand Model
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.1 Demand for Tomatoes


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.2 Shifts in the Demand Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.3 Prevalence of Smoking by Education Category in the United States, Age 25 and Older, 19402000
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.4 Supply of Tomatoes


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.5 Shifts in the Supply Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.6 Market Equilibrium


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.7 Why Pe Is the Equilibrium Price


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.8 Effects of a Fall in the Demand for Tomatoes


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.9 Effects of an Increase in the Supply of Tomatoes


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Table 2.2 Effect of Shifts in Demand and Supply Curves in Isolation


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.10 Effects of an Increase in the Supply of Video Games


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.11 Size of Equilibrium Price and Quantity Changes, and the Slopes of the Supply and Demand Curves
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.11 (a) Size of Equilibrium Price and Quantity Changes, and the Slopes of the Supply and Demand Curves
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.11 (b) Size of Equilibrium Price and Quantity Changes, and the Slopes of the Supply and Demand Curves
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.11 (c) Size of Equilibrium Price and Quantity Changes, and the Slopes of the Supply and Demand Curves
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.11 (d) Size of Equilibrium Price and Quantity Changes, and the Slopes of the Supply and Demand Curves
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.12 Population Indices for New York and Houston, 19772009
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.13 Housing Price Indices for New York and Houston, 19772009
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 2.14 Example of a Simultaneous Shift in Demand and Supply


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.15 When Both Curves Shift, the Direction of Either Price or Quantity Will Be Ambiguous
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.16 Elasticity of a Linear Demand Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.17 Elasticity of a Linear Supply Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.18 Perfectly Inelastic and Perfectly Elastic Demand Curves


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 2.19 Expenditures along a Linear Demand Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers