Chapter sixteen Equilibrium 均衡
Chapter Sixteen Equilibrium 均衡
Structure ◆ Market equilibriun Quantity tax and equilibrium ◆ Tax incidence(税收分担) ◆ Deadweight loss(额外净损失)
Structure ◆Market equilibrium ◆Quantity tax and equilibrium ◆Tax incidence （税收分担） ◆Deadweight loss （额外净损失）
Market equilibrium eA market is in equilibrium when total quantity demanded by buyers equals total quantity supplied by sellers
Market Equilibrium ◆A market is in equilibrium when total quantity demanded by buyers equals total quantity supplied by sellers
Market equilibrium Market Market demand supply gEs(p) qeD(p) D(p), s(p)
Market Equilibrium p D(p), S(p) q=D(p) Market demand Market supply q=S(p)
Market equilibrium Market Market demand supply gEs(p) D(p*)=S(p*); the market is in equilibrium p qeD(p) q D(p), s(p)
Market Equilibrium p D(p), S(p) q=D(p) Market demand Market supply q=S(p) p* q* D(p*) = S(p*); the market is in equilibrium