Supply and demand schedule graph with a price floor and surplus (numbered)

An example figure from the Supply and Demand generator.

Numbered supply and demand graph titled Market for milk, Price ($/gallon) from 0 to 3.5 up the side and Gallons (thousands) from 0 to 900 along the bottom, with gridlines: demand D and supply S drawn through dots at each row of a schedule and crossing at E, with dashed lines to Pₑ at 2 and Qₑ at 600. A horizontal line labeled Price floor at 2.5 meets D at 500, marked Qd, and S at 700, marked Qs, with a brace above it between them labeled Surplus
A supply and demand graph numbered from a schedule for the market for milk, with demand and supply plotted as dots at prices from $1 to $3 a gallon. The curves cross at an equilibrium price of $2 and a quantity of 600 thousand gallons. A price floor at $2.50 makes the quantity supplied, 700 thousand gallons, greater than the quantity demanded, 500 thousand, a surplus of 200 thousand gallons marked by the brace.

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Values

  • Equilibrium: price 2, quantity 600
  • Surplus of 200: 500 demanded, 700 supplied

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