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Supply and Demand + Ceiling/Floor

BEbennyp3333•Created November 12, 2019
Supply and Demand + Ceiling/Floor
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Instructions

This project is designed to show people the basics of economics in an interactive way. Move the sliders to change the intercept and slope of the demand and supply curves. These values correspond to the standard linear equation y = mx + b The Equilibrium is shown at the top and the surplus is calculated in the bottom right corner. Press the green button to add a price ceiling or floor. The green value will show the value of the Dead Weight Loss. Hit "Reset" to remove the price ceiling/floor.

Project Details

Project ID344020116
CreatedNovember 12, 2019
Last ModifiedNovember 30, 2019
SharedNovember 13, 2019
Visibilityvisible
CommentsAllowed