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Loading Economics Lab Suite...

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All Labs|Economics Suite

Economics

Demand & Supply Lab

Apparatus Controls

Consumer Income / Tastes (Demand Shift)80

Input Costs / Technology (Supply Shift)15

Price Controls

P*:$45

Q*:59 units

Market Equilibrium: P* = $45 | Q* = 59 units | CS: $1033 | PS: $885

Live Data & Output Analysis

Welfare & Surplus Breakdown

Consumer Surplus$1033

Producer Surplus$885

Total Economic Welfare$1918