Online Exercise 2: Mr. Antwi, Shadrack Alexander Bill · Online Exercise 2: Mr. Antwi, Shadrack...

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.