Professional Documents
Culture Documents
Chapter 4
PA A
D
0
QA
Quantity demanded (per unit of time)
$2 B
Price (per unit)
A
$1
D1
0
100 200
Quantity demanded (per unit of time)
Change in demand
(a shift of the curve)
$2
Price (per unit)
B A
$1
D0
D1
100 200 250
Quantity demanded (per unit of time)
A $0.5 9 3.50 G
3.00 D
B 0 8 Demand
dollars)
2.00 C for
C 1.00 6 DVDs
D 2.00 4 1.00
F B
A
E 3.00 2 .50
0
4.00 1 2 3 4 5 6 7 8 9 10111213
Quantity of DVDs demanded
(per week)
A
PA
0
QA
Quantity supplied (per unit of time)
A B
$15
Shift in Supply
(a shift of the curve)
1,250 1,500
Quantity supplied (per unit of time)
Change in quantity
A supplied (a movement
$15
along the curve)
1,250 1,500
Quantity supplied (per unit of time)
2.50 F
2.00 E
1.50 D
1.00 C
0.50 B CA
0 A
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Quantity of DVDs supplied (per week)
3.50 A
3.00
2.50 E
2.00 C
1.50
Excess demand
1.00 D
1 2 3 4 5 6 7 8 9 10 11 12
Quantity of DVDs supplied and demanded
B
$2.50 Excess demand
A
2.25
D0 D1
0 8 9 10
Quantity of DVDs (per week)
C
$2.50 Excess demand
B
2.25 A
D0
0 8 9 10
Quantity of DVDs (per week)
End of Chapter 4