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Chapter 18: Elasticities, Price-Distorting Policies and Non-Price RationingStatic GraphicsEach graphic opens in a new browser window. (Working Versions)Graph 18.1abc Different Distributions of a Consumer and Producer Surplus in a Market Graph 18.2abPerfectly Price Inelastic and Elastic Demand Graph 18.3Price Elasticity along a Linear Demand Curve Graph 18.4abcPrice Elasticity and Changes in Consumer Spending Graph 18.5abElastic Demand Curves Graph 18.6Disequilibrium Caused by a Price Floor Graph 18.7abcRestoring Equilibrium Through Increased costs for Producers Graph 18.8abChanges in Surplus when Price Ceilings are Imposed Graph 18.9Disequilibrium when Price Floors are Imposed Graph 18.10abThe Impact of Price Floors after a New Equilibrium (with Non-Price Rationing) Emerges Graph 18.11Linear Demand and Supply Graph 18.12abNon-Linear Demand and Supply |