Chapter 7 Part IV -- More Surplus with Supply and Demand Shifts

by Elson Blunt on Jun 29, 2014

We conduct another economic analysis and track how consumer and producer surplus changes when supply and demand curves shift. Then we introduce an alternative method of keeping track by identifying regions of the graph with a variable. This method will become indispensable when we do an analysis with taxes in chapter 8 and is always an alternative to the shading methods we have practiced so far.

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