economics interactive diagrams maximum price and market shortage

Demand Elasticity ($E_d$): Unitary (1.0)

Exact $E_d$:

Supply Elasticity ($E_s$): Unitary (1.0)

Exact $E_s$:

Maximum Price ($P_{max}$): $50 (At Equilibrium)

Max Price ($):

Market Shortage 0 units Qd - Qs

Quantity Demanded 50 units At Pmax

Quantity Supplied 50 units At Pmax

Quantity Demanded (Qd) Qd = 50 + 1.0 × (50 - 50) = 50

Quantity Supplied (Qs) Qs = 50 - 1.0 × (50 - 50) = 50

Shortage = Qd - Qs 50 - 50 = 0 units

Maximum Price (Price Ceiling) & Market Shortage