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  2. Supply and demand - Wikipedia

    en.wikipedia.org/wiki/Supply_and_demand

    Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market.It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where the quantity demanded equals the quantity supplied ...

  3. Economic graph - Wikipedia

    en.wikipedia.org/wiki/Economic_graph

    The graph depicts an increase (that is, right-shift) in demand from D 1 to D 2 along with the consequent increase in price and quantity required to reach a new equilibrium point on the supply curve (S). A common and specific example is the supply-and-demand graph shown at right. This graph shows supply and demand as opposing curves, and the ...

  4. Cobweb model - Wikipedia

    en.wikipedia.org/wiki/Cobweb_model

    When supply and demand are linear functions the outcomes of the cobweb model are stated above in terms of slopes, but they are more commonly described in terms of elasticities. The convergent case requires that the slope of the (inverse) supply curve be greater than the absolute value of the slope of the (inverse) demand curve:

  5. File:Market Economy Supply and Demand Graphic.jpg - Wikipedia

    en.wikipedia.org/wiki/File:Market_Economy_Supply...

    Supply and Demand Graph. Items portrayed in this file depicts. creator. some value. author name string: The Nookster. Wikimedia username: The Nookster.

  6. Deadweight loss - Wikipedia

    en.wikipedia.org/wiki/Deadweight_loss

    The deadweight loss is the area of the triangle bounded by the right edge of the grey tax income box, the original supply curve, and the demand curve. It is called Harberger's triangle. Harberger's triangle, generally attributed to Arnold Harberger , shows the deadweight loss (as measured on a supply and demand graph) associated with government ...

  7. AD–AS model - Wikipedia

    en.wikipedia.org/wiki/AD–AS_model

    Aggregate supply/demand graph. The AD–AS or aggregate demand–aggregate supply model (also known as the aggregate supply–aggregate demand or AS–AD model) is a widely used macroeconomic model that explains short-run and long-run economic changes through the relationship of aggregate demand (AD) and aggregate supply (AS) in a diagram.

  8. Inverse demand function - Wikipedia

    en.wikipedia.org/wiki/Inverse_demand_function

    The marginal revenue function is the first derivative of the total revenue function or MR = 120 - Q. Note that in this linear example the MR function has the same y-intercept as the inverse demand function, the x-intercept of the MR function is one-half the value of the demand function, and the slope of the MR function is twice that of the ...

  9. Supply (economics) - Wikipedia

    en.wikipedia.org/wiki/Supply_(economics)

    If the linear supply curve intersects the quantity axis PES will equal zero at the point of intersection and will increase as one moves up the curve; [19] however, all points on the curve will have a coefficient of elasticity less than 1. If the linear supply curve intersects the origin PES equals one at the point of origin and along the curve.

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