Drawing Graphs (Micro 1)

Question 1

Draw a PPF curve

Answer 1

Question 2

Draw a demand curve

Answer 2

Question 3

Draw a supply curve

Answer 3

Question 4

Draw a perfectly elastic and inelastic demand/supply curve

Answer 4

Question 5

Draw a graph representing consumer and producer surplus

Answer 5

Question 6

Draw a consumer/ producer burden diagram

Answer 6

Question 7

Draw a graph showing welfare lost in terms of consumption

Answer 7

Question 8

Draw a graph showing welfare loss in terms of production

Answer 8

Question 9

Draw a graph showing allocative efficiency with consumer and producer surplus

Answer 9

Question 10

Draw 2 graphs showing allocative efficiency in monopolies with inelastic and elastic demand

Answer 10

Question 11

Draw a graph showing perfect competition in the short run making supernormal profits

Answer 11

Question 12

Draw a graph showing perfect competition in the short run making a loss

Answer 12

Question 13

Draw a diagram showing perfect competition in the long run

Answer 13

Question 14

Draw a graph showing perfect competition from the short run into the long run

Answer 14

Question 15

Draw a graph labelling the shutdown point

Answer 15

Question 16

Draw a graph of a monopoly in the short run

Answer 16

Question 17

Draw a graph showing monopoly power

Answer 17

Question 18

Draw a graph showing X (in)efficiency

Answer 18

Question 19

Draw a graph showing allocative efficiency in the long run

Answer 19

Question 20

Draw a graph showing contestable markets

Answer 20

Prices are set where the break even point/sales max point is because of the threat of competition

Question 21

Draw a graph showing how the kincked demand curve is created

Answer 21

Question 22

Draw a graph of the kincked demand curve in action

Answer 22

Question 23

Draw a graph showing the kincked demand curve with the MR curve

Answer 23

Question 24

Draw a graph showing price rigidity in an oligopoly

Answer 24

Question 25

Draw a graph showing price collusion in a cartel

Answer 25

Question 26

Draw a graph showing 3rd degree price discrimination

Answer 26

Question 27

Draw a graph showing peak and off peak price discrimination

Answer 27

Question 28

Draw a complicated version of the MRP curve

Answer 28

Question 29

Draw the bendy supply curve of labour

Answer 29

Question 30

Draw a simple MRP curve

Answer 30

Question 31

Draw a graph showing unemployment

Answer 31

Question 32

Draw a graph showing the NMW

Answer 32

Question 33

Draw the monopsony diagram

Answer 33

Question 34

Draw a diagram of a monopsony with a NMW

Answer 34