All A-Level Economics Diagrams

ECONOMICS
ALL DIAGRAMS




KEIVIN GURI

,MILDO externality of
Negative
Coot/Benefit/ Isomptin:
Price




SOLO
=
·
Socially optimal
level
Q
#



--
Q
① Pointing
Q
Rules for where
welfare loss
towards
is :

of output
over
consumption
=
Market SOLO
FME
Failure ② Inbetween both
=
Free Market
H Q's
Equilibrium due to a misallocation
of scarce resources
to the concruption
of the
gls

,MILLO


Price/Benefit/
Weinh
entech
cost




#
i




MB (MPB = MSR)
*
Q
SOLO Q Q where
Rules for
Socially optimal
=
=

level of output
over production welfare los is :

Market
① Pointing to SOLO
=


Failure

FME ① inbetween the
H
Due to a misallocation Q's
Free Market
of
:
scarce resources to
Equilibrium the production of the
gls

, micro
to
Prcitin
Externally
↑ rice/Bemeht/
let
MSB)




·
Mc (MSC =




Q

SOLO
underconsumption Rules for where
=
Socially optimal las :
level output Market welfue is

of
=


① Pointing towards
Failure
SoLO
FME H
Due
:
Free Market
to a
misallocation of ② In between 2Q's
scarce resources away
Equilibrium from the
consumption
y g/s