Economics

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SimplesupplyanddemandexamplewithPriceCeilingof15.xlsx

Sheet1

Demand Formula: Supply Formula:
P=50-5Q P=5Q
Q=10-0.2P Q=0.2P
P QD QS
$0 10 0
$5 9 1
$10 8 2
$15 7 3
$20 6 4
$25 5 5
$30 4 6
$35 3 7
$40 2 8
$45 1 9
$50 0 10
Demand 0 10 50 0 Supply 0 10 0 50 Equilibrium Line 0 5 5 25 25 0 Max Price=15 0 7 15 15 Qd if P=15 7 7 0 15 Qs if P=15 3 3 0 15

Sheet2

Sheet3