Interactive graphs and explanations about key economic concepts for use in teaching and exploring Graphs & Explanations | Textbooks | About | Usage Graphs and Explanations

Graphs. Stability of Equilibrium (static) Market Supply and Demand (very old!) Market Supply and Deamnd with Constant Elasticity; Market Forces of Shortage and Surplus; Individual and …

Graphs. Utility Maximization and Offer Curves for Different Utility Functions; Demand and Engel Curves for Different Utility Functions; Demand and Price Offer Curves: Cobb-Douglas; Engel …

Graphs. First-Degree Price Discrimination (new) First-Degree Price Discrimination (old) Second-Degree Price Discrimination: Game Tree Representation; Second-Degree Price …

The demand curve, which is shown in the lower graph, plots the relationship between the price of good 1 and the quantity demanded directly. The horizontal axis is the same as in the top …

For example, the graph below shows the same price change for $r = -1$: Even though these goods aren’t perfect complements, an increase in the price of good 2 still causes the …

Graphs. Direct Effect of a Demand Shift in One Market on Labor Demand (textbook example) Equilibrium Effect of a Demand Shift in One Market on Another Market (textbook example) …

Since the amount the firm makes is the amount the consumer wants to consume, the market would be in competitive equilibrium. If you move the price up and down, you can see that the …

Change the marginal cost of the production function by dragging the two orange control points in the lower graph.

Graphs. Calculating Elasticity using the Midpoint Method; Elasticity along a Linear Demand Curve; Elasticity along a Linear Demand Curve (Point-Slope Method) Elasticity along a Linear …