Applying the Competitive Model Chapter 9 Applying the Competitive Model

Figure 9.1 Consumer Surplus © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.1a Consumer Surplus © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.1b Consumer Surplus © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.2 Fall in Consumer Surplus From Roses as Price Rises © 2004 Pearson Addison-Wesley. All rights reserved

Table 9.1 Effect of a 10% Increase in Price on Consumer Surplus (Revenue and Consumer Surplus in Billions of 1999 Dollars) © 2004 Pearson Addison-Wesley. All rights reserved

Page 278 Solved Problem 9.1 © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.3 Producer Surplus © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.3a Producer Surplus © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.3b Producer Surplus © 2004 Pearson Addison-Wesley. All rights reserved

Page 281 Solved Problem 9.2 © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.4 Why Reducing Output from the Competitive Level Lowers Welfare © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.5 Why Increasing Output from the Competitive Level Lowers Welfare © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.6 Effect of a Restriction on the Number of Cabs © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.7 Welfare Effects of a Specific Tax on Roses © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.8 Welfare Effects of a Per-Unit Subsidy on Roses © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.9 Effect of Pricing Supports in Soybeans © 2004 Pearson Addison-Wesley. All rights reserved

Page 298 Solved Problem 9.3 © 2004 Pearson Addison-Wesley. All rights reserved

Page 300 Solved Problem 9.4 © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.10 Loss from Eliminating Free Trade © 2004 Pearson Addison-Wesley. All rights reserved

Figure 9.11 Effect of a Tariff (or Quota) © 2004 Pearson Addison-Wesley. All rights reserved

Table 9.2 Welfare Cost of Trade Barriers (millions of 1999 Dollars) © 2004 Pearson Addison-Wesley. All rights reserved