online exercise 2: mr. antwi, shadrack alexander bill · online exercise 2: mr. antwi, shadrack...
TRANSCRIPT
![Page 1: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/1.jpg)
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.
![Page 2: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/2.jpg)
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.
![Page 3: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/3.jpg)
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.
![Page 4: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/4.jpg)
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.
![Page 5: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/5.jpg)
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.
![Page 6: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/6.jpg)
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.
![Page 7: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/7.jpg)
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.
![Page 8: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/8.jpg)
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.
![Page 9: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/9.jpg)
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.
![Page 10: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/10.jpg)
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.
![Page 11: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/11.jpg)
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.
![Page 12: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/12.jpg)
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.
![Page 13: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/13.jpg)
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.
![Page 14: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/14.jpg)
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.
![Page 15: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/15.jpg)
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.
![Page 16: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/16.jpg)
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.
![Page 17: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/17.jpg)
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.
![Page 18: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/18.jpg)
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.
![Page 19: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/19.jpg)
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.
![Page 20: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/20.jpg)
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.
![Page 21: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/21.jpg)
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.
![Page 22: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/22.jpg)
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.
![Page 23: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/23.jpg)
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.
![Page 24: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/24.jpg)
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.
![Page 25: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/25.jpg)
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.
![Page 26: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/26.jpg)
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.
![Page 27: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/27.jpg)
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.
![Page 28: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/28.jpg)
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.
![Page 29: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/29.jpg)
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.
![Page 30: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/30.jpg)
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.
![Page 31: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/31.jpg)
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.
![Page 32: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/32.jpg)
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.
![Page 33: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/33.jpg)
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.
![Page 34: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/34.jpg)
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.
![Page 35: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/35.jpg)
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.
![Page 36: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/36.jpg)
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.
![Page 37: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/37.jpg)
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.
![Page 38: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/38.jpg)
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.
![Page 39: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/39.jpg)
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.
![Page 40: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/40.jpg)
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.
![Page 41: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/41.jpg)
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.
![Page 42: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/42.jpg)
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.
![Page 43: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/43.jpg)
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.
![Page 44: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/44.jpg)
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.
![Page 45: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/45.jpg)
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.
![Page 46: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/46.jpg)
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.
![Page 47: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/47.jpg)
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.
![Page 48: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/48.jpg)
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.
![Page 49: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/49.jpg)
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.
![Page 50: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/50.jpg)
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.
![Page 51: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/51.jpg)
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.
![Page 52: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/52.jpg)
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.
![Page 53: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/53.jpg)
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.
![Page 54: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/54.jpg)
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.
![Page 55: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/55.jpg)
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.
![Page 56: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/56.jpg)
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.
![Page 57: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/57.jpg)
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.
![Page 58: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/58.jpg)
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.
![Page 59: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/59.jpg)
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.
![Page 60: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/60.jpg)
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.
![Page 61: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/61.jpg)
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.
![Page 62: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/62.jpg)
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.
![Page 63: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/63.jpg)
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.
![Page 64: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/64.jpg)
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.
![Page 65: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/65.jpg)
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.
![Page 66: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/66.jpg)
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.
![Page 67: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/67.jpg)
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.
![Page 68: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/68.jpg)
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.
![Page 69: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/69.jpg)
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.
![Page 70: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/70.jpg)
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.
![Page 71: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/71.jpg)
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.
![Page 72: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/72.jpg)
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.
![Page 73: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/73.jpg)
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.
![Page 74: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/74.jpg)
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.
![Page 75: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/75.jpg)
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.
![Page 76: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/76.jpg)
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.
![Page 77: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/77.jpg)
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.
![Page 78: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/78.jpg)
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.
![Page 79: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/79.jpg)
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.
![Page 80: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/80.jpg)
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.
![Page 81: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/81.jpg)
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.
![Page 82: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/82.jpg)
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.
![Page 83: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/83.jpg)
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.
![Page 84: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/84.jpg)
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.
![Page 85: Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill The following graph shows market demand and supply for a good 0 2 4](https://reader030.vdocument.in/reader030/viewer/2022040302/5e8020a317edbe0b16276743/html5/thumbnails/85.jpg)
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.