Figure 2-1: Pork market equilibrium

S
p, $ per kg

e
p*

D
0 Q*

Q, Million kg of pork per year

 Figure 2-2: Impact of a demand shift
S

$3.70 e2
p, $ per kg

$3.50
e1
$3.30

D2
D1
0 220 228 232
Excess demand = 12
Q, Million kg of pork per year
 Figure 2-3: Impact of a supply shift
S2
S1

$3.80 e2
p, $ per kg

$3.55 e1
$3.30

D
0 205 215 220

Excess demand = 15
Q, Million kg of pork per year
 Figure 2-4: Labor market equilibrium
S
w, Wages per hour

e
W*

D
0 L*

L, Hours worked per year

 Figure 2-5: Labor market with minimum wage
S

Minimum wage (price floor)

W2=W
w, Wages per hour

e
W1=W*

D
0 Ld L* Ls

Unemployment
L, hours worked per year
 Figure 2-6: Gasoline price cap
S2
p, $ per gallon

e2 S1
p2

e1
p1

D
0 Q2 Q1

Q, Gallons of gasoline per month

 Figure 2-7: Gasoline price cap
S2
p, $ per gallon

e2 S1
p2

e1
p1 = p-

D
0 Qs Q2 Q1 = Qd

Excess demand
Q, Gallons of gasoline per month