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Demand for and Supply of Greebes

Demand for and Supply of Greebes. Demand for and Supply of Greebes. .55. .50. .45. .40. .35. PRICE PER GREEBE. .30. .25. .20. .15. .10. .05. 50. 100. 150. 200. 250. 300. 350. 400. QUANTITY (millions of Greebes). Demand for and Supply of Greebes. .55. .50. .45. .40.

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Demand for and Supply of Greebes

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  1. Demand for and Supply of Greebes

  2. Demand for and Supply of Greebes .55 .50 .45 .40 .35 PRICE PER GREEBE .30 .25 .20 .15 .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  3. Demand for and Supply of Greebes .55 .50 .45 .40 Supply .35 PRICE PER GREEBE .30 .25 .20 .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  4. #1 an equilibrium price of _____ and equilibrium quantity of ________ .55 .50 .45 .40 Supply .35 PRICE PER GREEBE .30 .25 .20 .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  5. #2 AT A PRICE OF $.30 per GREEBE .55 .50 .45 .40 Supply .35 PRICE PER GREEBE .30 .25 .20 .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  6. #2 a SURPLUS AT $.30THE QUANTITY SUPPLIED EXCEEDS THE QUANTITY DEMANDED by 100 .55 .50 .45 SURPLUS .40 Supply .35 PRICE PER GREEBE .30 .25 .20 .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  7. #3 AT A PRICE OF $.20 per GREEBE .55 .50 .45 .40 Supply .35 PRICE PER GREEBE .30 .25 .20 .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  8. #3 a SHORTAGE AT $.20THE QUANTITY DEMANDED EXCEEDS THE QUANTITY SUPPLIED by 100 .55 .50 .45 .40 Supply .35 PRICE PER GREEBE .30 .25 .20 .15 Demand .10 SHORTAGE .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  9. #4 Consumer and Producer Surplus .55 .50 .45 .40 Supply .35 Consumer Surplus PRICE PER GREEBE .30 .25 .20 Producer Surplus .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  10. #4a Consumer and Producer Surplus .55 .50 SURPLUS .45 Consumer Surplus .40 Supply .35 PRICE PER GREEBE .30 .25 Producer Surplus .20 .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  11. #5 Consumer and Producer Surplusand a negative change in supply .55 .50 .45 .40 Supply 1 Supply .35 Consumer Surplus PRICE PER GREEBE .30 .25 .20 Producer Surplus .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

  12. #5 Consumer and Producer Surplusand a negative change in supply .55 .50 .45 .40 Supply 1 Supply .35 Consumer PRICE PER GREEBE .30 .25 Producer .20 .15 Demand .10 .05 50 100 150 200 250 300 350 400 QUANTITY (millions of Greebes)

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