Demand for and Supply of Greebes PRICE per

Demand for and Supply of Greebes PRICE $ per Greebe QUANTITY DEMANDED QUANTITY SUPPLIED (millions of Greebes) $. 15 300 100 . 20 250 150 . 25 200 . 30 150 250 . 35 100 300

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

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

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

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

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

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

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

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

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

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

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