qe · 2020. 12. 1. · 0 static equilibrium analysis mojinoringnoonanbonfim euwonotwonornot...

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0 Static Equilibrium Analysis MoJinoring Noonan Bonfim Euwono twonor not n'oink meow Endogenous variable tgidmsrdoowuvnsoniiwoedwaou.no won Exogenous variable ufo External forces grinoinulinirinwinn Megiddo waving Doo msfinsvuqnomwiosonniwlluuo.sn noon oonhk unouooguuuojnosor.mn C Market model 17 quoin Demand QE f Px Py Income Taste 0 2 gumw supply QQ FC Px Pz Input price Tech o 3 afoulognoonw Equilibrium condition adx QE mine moucsmsiinor.ie Simon on W Cpt F lined 8mm gnomon Cat E p supply E p µ g I Demand Q

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  • 0 Static Equilibrium AnalysisMoJinoringNoonanBonfimEuwonotwonornot n'oinkmeow Endogenousvariabletgidmsrdoowuvnsoniiwoedwaou.no won Exogenousvariableufo External forces grinoinulinirinwinnMegiddowaving

    Doo msfinsvuqnomwiosonniwlluuo.sn noonoonhkunouooguuuojnosor.mn CMarket model

    17 quoin Demand

    QE f Px Py Income Taste 0

    2 gumw supply

    QQ FCPx Pz Inputprice Tech o

    3 afoulognoonw Equilibrium condition

    adx QE

    minemoucsmsiinor.ie Simon onW Cpt Flined8mmgnomon Cat E

    psupply

    Epµ gI Demand

    Q

  • Ceteris ParibusMunenori QI un GK Tiwoefrivootersim Pxbodosoeinoistero 9noniuwngiekoero.by not'Ysiwdowlivas

    inisgusori Demand curveWorkorsquoin ad f p9h05 SimBunT w Sveta 8880N nori

    Too'innomonnforation

    7 Q 20 HAI P Z Op win'Noismt

    t Qo t

    27 Quoi P oiosifwbiunig.veQ I n's ri p i n'T

    p Q i thp pP n pPz I p

    I ll D l iQ i r QQ Az Q Q

  • 3 intugusoridninum Monotonically decreasing functionudodnianwowkw.nuDishong Law of Demand

    Q L Ip

    o intugumm supply curveas f P PrismEw Tech

    Input price nodooiinnmsnmnnho.ms

    1 Q Z O P Z O

    2 Q lire P 68W biunique37 gumwdrinum Monotonically Increasing function

    whuonn Law of supplypp GspPd asf

    QSL p

    O GwmogurokilainwmsgatmWDemand Qd fCpSupply as fcp

    fC Worfoiseroodulwqdmsnmnnhonolnumos.vnwtow Woriorwifwoos

    Norforwrinfortog

  • o qurtonnnr.qdmwiotwno.sc Linear forman Garmsgunton

    Qd f pQd a bp

    Inari Q VENN Endogenous variablep JIM

    Mondino a gnoinimis Intercept term unwaParameter HoooiuN3mmredoquinoa into P o

    b n'inonworm slopeb Gmmsiddownvasoos Q intoPNrdersiwrotu i remindu b Isionivona law of demand

    QQ a BP

    afo o

    pop aa BP

    P ax po a bb

    anowmrqurodQ a BP Q Fcp

    Inverse functionP f Q

    apai

  • P ay ay

    pab slope IbL

    Qo a

    otoodum

    Garmsgusorino Q noo sposmnifwqunoknnt.mn'INA P lini Qn45w9Nonw Law of demand

    Q 100 sp78mslines of Q o p

    O 100 sp

    p 20

    p o Q e

    Q 100 S op A 10020

    boisatouTugusorinoiolatoOE Q E 100

    o Ix Q100 O E P E 20

  • D Gumsegumulugurrisonos 83 quiver right1 a C t dp

    P sof Q o pO C dp

    q p cd d1 Qc

    2 a DP C laid intercept 7P s

    o G

    3 Q C t dp

    pS

    Oo I Q

    deE

  • Nooo'D rivewolat Q 20 t 3pagainnow WEowoiuoeoiwpe.ba Qartifestvonn Law of Supply

    psupply

    20Fb

    r Q20

    BINHAI p O Q

    Q 20 t OQ 20

    Q O PO 20 t 3PP 21

    3

    ago Dumont iFwgUmw5m'olatoP Z 21 lini Q Z O

    3