Professional Documents
Culture Documents
Demand Curve
Demand Curve
Quantity
Total Utility
100
90
80
70
60
50
40
30
20
10
0
-10
-20
-30
0
1
2
3
4
5
6
7
8
9
10
11
12
13
Marginal Utility
0
90
170
240
300
350
390
420
440
450
450
440
420
390
Consumer Surplus
90
80
70
60
50
40
30
20
10
0
-10
-20
-30
Elasticity
0
10
-4
30 -2.33333
60
-1.5
100
-1
150 -0.66667
210 -0.42857
280
-0.25
360 -0.11111
450
0
550 0.090909
660 0.166667
780 0.230769
Quantity Vs Price
120
100
80
60
40
Quantity
20
0
-20
-40
10
12
14
-5.66667
-3
-1.85714
-1.22222
-0.81818
-0.53846
-0.33333
-0.17647
-0.05263
0.047619
0.130435
0.2
500
450
400
350
300
250
Series1
200
150
100
50
0
0
10
12
14