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286
3.30 D2 D1
176
183
Total demand
Demand for canned peaches Demand for fruit cocktail 0 Qf = 4 Q c = 18 Q = 22 50 Q, Tons of peaches per 10,000 people per year
3.30
176
220
176
205
Figure 2.5 Total Supply: The Sum of Domestic and Foreign Supply
p*
p*
p*
Sd
p*
p*
p*
Qd
Qd*
Qf
Qf*
176
194
207
3.50 3.30
e2 e1
S D2 D1
176
220
228 232
3.55 3.30
e2 e1
S2 S1
176
205
215 220
p1
e1
e2 p2 e1 p1 = p Price ceiling
Excess demand
w*