DeadWeight·Plots

Learn how supply and demand curves interact to determine market prices and quantities in a competitive market.

Understand how demand and supply adjust to reach a stable market price and allocate resources optimally.

Explore the different demand and supply changes and how they affect the market price and quantity.

See how we can objectively measure society's well-being, and achieve allocative efficiency from the demand and supply diagram.

Explore how the equilibrium price and quantity create consumer and producer surplus, and understand the total welfare in a market.

See how a price ceiling impacts consumers and producers, creates shortages and deadweight loss.

Review the impacts to stakeholders when price floor is implemented, with and without purchase of surplus by the government.

How the tax shifts supply up, affects consumers and producers, and creates deadweight loss.

How the subsidy shifts supply down, impacts consumer and producer, and creates deadweight loss.

How the tax shifts demand down, affects consumers and producers, and creates deadweight loss.

How the subsidy shifts demand up, affects consumers and producers, and creates deadweight loss.

Explore how firms derive average revenue (AR), marginal revenue (MR), and total revenue (TR) from the demand curve.

See how firms make sense of different costs and visualize them against output.

Understand how economies and diseconomies of scale affect a firm's cost efficiency as it grows.

See how a market's social welfare can be increased beyond its maximum at equilibrium, through international trade.

How tariffs limit imports and improve domestic producers' welfare at the expense of consumers and society.

How quotas limit imports and improve domestic producers' welfare at the expense of consumers and society.