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衡量市场的价值

总剩余是消费者剩余与生产者剩余之和,竞争均衡使其最大化,而任何偏离均衡数量的做法都会毁掉一个价值三角形。

1. The two triangles

The two triangles

2. Why equilibrium quantity is special

Why equilibrium quantity is special

3. The wrong quantity loses a triangle

The wrong quantity loses a triangle

4. Efficiency is not fairness

Efficiency is not fairness

5. The areas

In a market with equilibrium price 24 and quantity 72, the demand curve intercepts the price axis at 60 and the supply curve starts at the origin. What are consumer and producer surplus?

6. Reading deadweight loss

A market's equilibrium quantity is 72, but only 60 units trade. The demand price at 60 is 27 and the supply price at 60 is 20. What is the deadweight loss?

7. A bigger triangle

A market's equilibrium quantity is 50 units, but only 30 trade. At quantity 30 the demand price is 44 dollars and the supply price is 20 dollars. Compute the deadweight loss in dollars and write the number.

8. The buyers' triangle

In a market with equilibrium price 24 and quantity 72, the demand curve hits the price axis at 60 and supply passes through the origin. What is consumer surplus?

9. What makes the equilibrium quantity special

Why does the competitive equilibrium quantity maximize total surplus in this market?

10. Deadweight of restriction

A market's equilibrium quantity is 50 units but only 40 trade. At quantity 40 the demand price is 48 dollars and the supply price is 16 dollars. Compute the deadweight loss in dollars, and write the number.

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