Individual and Market Supply and Demand

Make price draggable Snap to equilibrium shortage/surplus

demand shifters
I = {{params.income}}:
N_C = {{params.nc}}:
q^D(P) = \frac{\frac{1}{4}I}{P} = \frac{ \frac{1}{4}{{ params.income }} }{ {{ model.price | number:2}} } = {{ model.individualQuantityDemanded | number:2 }}
Q^D(P) = N_C \times q^D(P) = {{ params.nc }} \times {{ model.individualQuantityDemanded | number:2 }} = {{ model.marketQuantityDemanded | number:0 }}
q^S(P) = \frac{P}{w} = \frac{ {{ model.price | number:2 }} }{ {{ params.wage }} } = {{ model.individualQuantitySupplied | number:2 }}
Q^S(P) = N_F \times q^S(P) = {{ params.nf }} \times {{ model.individualQuantitySupplied | number:2 }} = {{ model.marketQuantitySupplied | number:0 }}
supply shifters
w = {{params.wage}}:
N_F = {{params.nf}}:
Copyright (c) Christopher Makler / econgraphs.org