中级微观经济管理学及财务知识分析.pptxVIP

Using Supply and DemandChapter 5Laugher CurveQ. How many conservative economists does it take to screw in a lightbulb? A. None. If the government would just leave it alone, it would screw itself in. The Power of Supply and DemandChanges in supply and demand will change equilibrium price and quantity.The Power of Supply and DemandA shift in demand that moves the demand curve to the right causes equilibrium price and quantity to rise.The Power of Supply and DemandA shift in supply that moves the supply curve to the left causes equilibrium price to rise and equilibrium quantity to fall.BExcess demandD1A Shift in DemandS0$2.50APrice (per cassette)2.25D008910Quantity of cassettes (per week)S1CExcess demandBA Shift in SupplyS0$2.50Price (per cassette)A2.25D008910Quantity of cassettes (per week)Six Real World Examples of Supply and DemandSupply and demand can shed light on a variety of real-world events:Florida freeze.Financial assets and the baby boomers.Ten percent excise tax.Rice in Indonesia.Farm laborers.Christmas toys.Florida FreezeThe crop-damaging freeze shifted the supply curve to the left.At the original price, quantity demanded exceeded quantity supplied.Price rose until the quantity demanded equaled the quantity supplied.S1P1P0QSQeQDFlorida FreezeS0Demand(c)Financial Assets and the Baby BoomersDemographic changes among baby boomers moved the demand curve for financial assets to the right.At the original price, quantity demanded exceeded quantity supplied.Price rose until the quantity demanded equaled the quantity supplied.P1P0D1Q0Q1QDFinancial Assets and the Baby BoomersSD0(f)Financial Assets and the Baby BoomersThe same phenomenon occurred in the surging demand for housing among this group during the 1980s.Excise TaxesCongress imposed a 10 percent surtax on luxury boats.Excise TaxesA 10 percent surtax on luxury boats levied on suppliers shifts the supply curve to the left.After the tax is imposed, the quantity of boats demanded drops.S1P1P0Q1Q0QDExcise Taxes