微观经济学(平狄克鲁宾费尔德)第六版课后答案--微观经济学 英文原版-CH02PINDYCK

Q1
©2005 Pearson Education, Inc.
Q2
Chapter 2
Quantity
6
The Supply Curve
Other Variables Affecting Supply

Costs of Production
Labor Capital
Raw

Materials
©2005 Pearson Education, Inc.
Chapter 2
3
Supply and Demand
Supply and demand analysis can:
1.
2.
3.
Help us understand and predict how real world economic conditions affect market price and production Analyze the impact of government price controls, minimum wages, price supports, and production incentives on the economy Determine how taxes, subsidies, tariffs and import quotas affect consumers and producers

Q Q (P) D D
©2005 Pearson Education, Inc. Chapter 2 10
The Demand Curve
Price ($ per unit) The demand curve slopes downward, demonstrating that consumers are willing to buy more at a lower price as the product becomes relatively cheaper.
©2005 Pearson Education, Inc.
Chapter 2
2
Topics to Be Discussed
How do short-run and long-run elasticities differ? How do we understand and predict the effects of changing market conditions? What are the effects of government intervention – price controls?

P
S
S’


Produced Q1 at P1 and Q0 at P2 Now produce Q2 at P1 and Q1 at P2 Supply curve shifts right to S’
P1 P2
Q0
©2005 Pearson Education, Inc. Chapter 2
Q1

Q Q (P) S S
©2005 Pearson Education, Inc. Chapter 2 5
The Supply Curve
Price ($ per unit)
S
The Supply Curve, Graphically Depicted
P2 P1
The supply curve slopes upward, demonstrating that at higher prices firms will increase output
Q2
Q
8
The Supply Curve
Change in Quantity Supplied

Movement along the curve caused by a change in price Shift of the curve caused by a change in something other than the price of the good
Lower costs of production allow a firm to produce more at each price and vice versa
©2005 Pearson Education, Inc.
Chapter 2
7
Change in Supply
The cost of raw materials falls
Change
Change in Supply

in costs of production
©2005 Pearson Education, Inc.
Chapter 2
9
Supply and Demand
The Demand Curve
The relationship between the quantity of a good that consumers are willing to buy and the price of the good Measures quantity on the x-axis and price on the y-axis
Chapter 2
The Basics of Supply and Demand
Introduction
What are supply and demand? What is the market mechanism? What are the effects of changes in market equilibrium? What are elasticities of supply and demand?
©2005 Pearson Education, Inc.
Chapter 2
பைடு நூலகம்
4
Supply and Demand
The Supply Curve
The relationship between the quantity of a good that producers are willing to sell and the price of the good Measures quantity on the x-axis and price on the y-axis