《微观经济学》清华大学-Tsinghua Micro Ch .pptVIP

Chapter Sixteen Equilibrium Market Equilibrium A market is in equilibrium when total quantity demanded by buyers equals total quantity supplied by sellers. Market Equilibrium An Example Market Equilibrium Can we calculate the market equilibrium using the inverse market demand and supply curves? Yes, it is the same calculation. Market Equilibrium Market Equilibrium Two special cases: quantity supplied is fixed, independent of the market price, and quantity supplied is extremely sensitive to the market price. Market Equilibrium Market Equilibrium Quantity Taxes A quantity tax levied at a rate of