Graph Sandbox

Shift curves, set price floors and ceilings, and apply economic shocks.

Single-firm pricing, MR below demand, and deadweight loss.

Price-taking firms, profit maximization, and long-run equilibrium.

Product differentiation, short-run profits, and long-run zero-profit.

Price elasticity of demand, total revenue, and elastic vs. inelastic ranges.

Aggregate demand, short-run and long-run aggregate supply, and output gaps.

Government spending, taxation, multipliers, and budget effects.

Money supply, money demand, and interest rate determination.

Saving, investment, real interest rates, and crowding out.

Foreign exchange markets, currency appreciation, and depreciation.

Comparative advantage, tariffs, quotas, and welfare effects.

Short-run tradeoff between inflation and unemployment.

Opportunity cost, efficiency, and economic growth on the PPC.

Expansions, peaks, contractions, troughs, and economic indicators.

Market inefficiency from positive and negative externalities.

Short-run cost curves, marginal cost, ATC, and AVC.

Labor demand, wage determination, and marginal revenue product.