Demand for and Supply of Greebes PRICE $ per Greebe QUANTITY DEMANDED (millions of Greebes) QUANTITY SUPPLIED (millions of Greebes) $

Demand for and Supply of Greebes QUANTITY (millions of Greebes) PRICE PER GREEBE

Demand for and Supply of Greebes QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

#1 an equilibrium price of _____ and equilibrium quantity of ________ QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

#2 AT A PRICE OF $.30 per GREEBE QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

#2 a SURPLUS AT $.30 THE QUANTITY SUPPLIED EXCEEDS THE QUANTITY DEMANDED by QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand SURPLUS

#3 AT A PRICE OF $.20 per GREEBE QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand

#3 a SHORTAGE AT $.20 THE QUANTITY DEMANDED EXCEEDS THE QUANTITY SUPPLIED by QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand SHORTAGE

#4 Consumer and Producer Surplus QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Surplus Consumer Surplus

#4a Consumer and Producer Surplus QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Surplus Consumer Surplus SURPLUS

#5 Consumer and Producer Surplus and a negative change in supply QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Surplus Consumer Surplus Supply 1

#5 Consumer and Producer Surplus and a negative change in supply QUANTITY (millions of Greebes) PRICE PER GREEBE Supply Demand Producer Consumer Supply 1