Chapter 9
Applying the
Competitive Model
Figure 9.1
Consumer
Surplus
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Figure 9.1a Consumer Surplus
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Figure 9.1b Consumer Surplus
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Figure 9.2 Fall in Consumer Surplus
From Roses as Price Rises
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Table 9.1 Effect of a 10% Increase in Price on
Consumer Surplus (Revenue and Consumer
Surplus in Billions of 1999 Dollars)
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Page 278 Solved Problem 9.1
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Figure 9.3 Producer Surplus
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Figure 9.3a Producer Surplus
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Figure 9.3b Producer Surplus
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Page 281 Solved Problem 9.2
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Figure 9.4 Why Reducing Output from
the Competitive Level Lowers Welfare
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Figure 9.5 Why Increasing Output from
the Competitive Level Lowers Welfare
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Figure 9.6 Effect of a Restriction on
the Number of Cabs
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Figure 9.7 Welfare Effects of a
Specific Tax on Roses
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Figure 9.8 Welfare Effects of a PerUnit Subsidy on Roses
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Figure 9.9
Effect of Pricing Supports in Soybeans
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Page 298 Solved Problem 9.3
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Page 300 Solved Problem 9.4
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Figure 9.10
Loss from Eliminating Free Trade
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Figure 9.11
Effect of a Tariff (or Quota)
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Table 9.2 Welfare Cost of Trade
Barriers (millions of 1999 Dollars)
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