online exercise 2: mr. antwi, shadrack alexander bill · online exercise 2: mr. antwi, shadrack...
TRANSCRIPT
Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 8
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Araf, Muhammad Dalhat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 4
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Aroka, Puttaruk
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Arsira, Thevaruth
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 8
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Baker, Erik Michael
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Barenborg, Eva Maria
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 3
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Bawk, Nang Mai
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Benz, Tobias
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Boriboonprasert, Vimonwan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Calderon, German
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Chairatchutrakoon, Urunee
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Chakma, Poronoy
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 9
Price ceiling: P ceil = 6
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Chareonjitt, Benjapa
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Chomphuphio, Thanitha
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 8
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Daengchuang, Nida
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Dumrisathalamark, Prangsai
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 2
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Farahani, Javad
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Ghorbannejad, Saeed
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 2
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Guiao, Reynaldo Angelo III Nepomucero
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Hirunkulmetha, Premyuda
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Hongthongnoprakun, Jiraporn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Hsiao, Wei-Jhe
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Huang, Zheqi
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 6
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Hustedt, Felix
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Inpansuan, Anusara
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Inprasit, Sirirote
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Jorczik, Nicolas
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 8
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Karbakhsh, Ravari Amirreza
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Kerdrenu, Chalita
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Khan, Boris
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 5
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Kharajinezhadian, Ali
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 8
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Khusaksrisakul, Thirada
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Knof, Pia
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Kolodziejczyk, Ewa Magdalena
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 7
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Kunpaya, Pramote
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Khler, Maike Emmi Lina
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 7
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Lerdthanavaranont, Yossawaj
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Likittakul, Saowarat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 2
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Lotfian, Ali
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 3
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Mali, Maiyida
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Malla, Sharada
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 8
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Manussawon, Kaewchaisa
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 11
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Mariel, Samsonov Victor
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 9
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Meekaew, Dusita
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Mo, Xinghua
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Moghaddam, Mohssen
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 16
Price ceiling: P ceil = 6
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Mohammadi, Negar
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 2
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Neesang, Narisara
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Nithipaphawarin, Aornuupin
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 8
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Nusanram, Nonglak
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Onuoha, Justice
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 7
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Padoongmatvoragool, Tharparkorn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 6
World market price: Pworld = 9
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Pang, Da
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Pao-In, Gunthorn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Phanwanitdumrong, Waleerat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 8
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Pohl, Felix
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 10
World market price: Pworld = 16
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Ponpaditthanon, Chutikan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Pornchayanon, Chutima
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 2
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Prapapitayakorn, Pichapun
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 2
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Puangpook, Nawa
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 7
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Rodmanotham, Suchada
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 6
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Saisakares, Jakapong
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 10
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Samsonov, Victor
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 7
World market price: Pworld = 14
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Sangkaew, Prapasri
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 6
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Sangvijit, Pongsakorn
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 8
World market price: Pworld = 7
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Saraphat, Somboon
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 7
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Sasithorn, Wongwan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 8
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Schroeter, Marius Robin
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 6
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Sguazzi, Manuel
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 5
World market price: Pworld = 10
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Singhapan, Khajornpan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 4
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Stocker, Herbert
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 9
World market price: Pworld = 16
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Suphasiri, Nantanit
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 9
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Suwatpanich, Surbphong
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 6
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Thongbainoy, Chiranan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 4
World market price: Pworld = 16
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Tongchai, Kanokwan
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 8
World market price: Pworld = 9
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Tuboso, Donnabel Abarra
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 11
Price ceiling: P ceil = 6
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Wang, Xinke
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Wangtaweesap, Pornpen
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 8
World market price: Pworld = 4
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Wongsakulchai, Nuchanat
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 12
Price ceiling: P ceil = 5
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Worasan, Somjai
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Mr. Xiang, Mengkun
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 6
World market price: Pworld = 12
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Xiao, Hongyu
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 13
Price ceiling: P ceil = 3
World market price: Pworld = 13
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Xie, Meihong
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 10
Price ceiling: P ceil = 7
World market price: Pworld = 6
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Zhu, Yajing
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 14
Price ceiling: P ceil = 5
World market price: Pworld = 5
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.
Online Exercise 2: Ms. Zhu, Hongpei
The following graph shows market demand and supply for a good
0
2
4
6
8
10
12
14
16
18
0 2 4 6 8 10 12 14 16 18 20
P
Q
b
b
S1
S2
bc
bc
D1
D2
.
Direct Demand and Supply:
QD = b0 + b1P
QS = a0 + a1P
Inverse Demand and Supply:
P = c0 + c1QD
P = d0 + d1QS
Go to the following webpage to enter your results: http://www.hsto.info/iis-ru/bm600/login.php
All the following calculations must be based on ‘your’ graph above! It is not sufficient to read off the numbers from
the graph above, all calculations must be exact to at least three decimal places, therefore you have to calculate all
numbers!
Price floor: P floor = 15
Price ceiling: P ceil = 5
World market price: Pworld = 15
First, calculate slope and intercept of demand, inverse demand, supply, inverse supply, equilibrium price and quantity.
Then calculate quantity traded, consumer surplus, producer surplus and deadweightloss or gains from trade, respec-
tively, for the price floor, price ceiling and for international trade with the world market price.