07-DandS applications jpw - Demand and Supply: Applications...

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microL7-S2010-page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Demand and Supply: Applications Lecture 7-PREVIEW Jennifer P. Wissink ©2009 John M. Abowd and Jennifer P. Wissink, all rights reserved. September 15, 2010
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microL7-S2010-page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Comparative Statics The demand curve Q D = f(P) given P s , P c , I, The supply curve Q S = g(P) given P fop , P oc , Comparative Statics Summary: EVENT P* Q* ↑D ↓D ↑S ↓S ↑D ↑ S
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microL7-S2010-page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ From Demand & Supply Functions to Demand and Supply
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microL7-S2010-page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ From Demand & Supply Functions to Demand and Supply
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microL7-S2010-page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Demand and Supply: Applications
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microL7-S2010-page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Demand and Supply: Applications
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microL7-S2010-page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Price Floors Government established minimum selling price. Floor must be above P* to be binding.
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07-DandS applications jpw - Demand and Supply: Applications...

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