1. Petroleum Project Economics Econ210D Presentation 9 Product Pricing and Netback analysis Week 9

4. D D Price ($) $10 $6 12 8 Quantity The Consumer Demand Curve Product Pricing and Netback analysis Week 9

5. D D A B $10 $5 P 12 6 O Quantity of Cinema Tickets A Contraction of Demand Product Pricing and Netback analysis Week 9

6. P D D X Y $60,000 $100,000 4 8 O Quantity of Cars in ‘000s An Extension of Demand Product Pricing and Netback analysis Week 9

7. P ($) D 1 D 1 Quantity D 2 D 2 O 10 6 20 48 40 65 An Increase in Demand Product Pricing and Netback analysis Week 9

8. P ($) D 1 D 1 Quantity D 2 D 2 O 12 8 20 10 28 18 A Decrease in Demand Product Pricing and Netback analysis Week 9

9. S S Price ($) $10 $4 12 8 Quantity The Supply Curve Product Pricing and Netback analysis Week 9

10. S S A B $10 $5 P 20 45 O Quantity of Cinema Tickets An Extension of Supply Product Pricing and Netback analysis Week 9

11. P S S X Y $55,000 $100,000 10 5 O Quantity of Cars in ‘000s A Contraction of Supply Product Pricing and Netback analysis Week 9

12. P ($) S 1 S 1 Quantity S 2 S 2 O 20 50 40 85 70 120 An Increase in Supply Product Pricing and Netback analysis Week 9

13. P ($) S 2 S 2 Quantity S 1 S 1 O 10 20 20 40 35 60 A Decrease in Supply Product Pricing and Netback analysis Week 9

14. Quantity P ($) S S D D E P E Q E Market Equilibrium Product Pricing and Netback analysis Week 9

15. Quantity P ($) S S D D E P E P H Q D Q S Surplus Market Disequilibrium: Surplus Product Pricing and Netback analysis Week 9

16. Quantity P ($) S S D D E P E P L Q S Q D Shortage Market Disequilibrium: Shortage Product Pricing and Netback analysis Week 9

17. S Q S Q 1 D 1 D 1 D 2 D 2 Q 2 E 2 E 1 P 1 P 2 P Q’ Surplus Decrease in Demand Product Pricing and Netback analysis Week 9

18. D P D Q P 1 S 1 S 1 S 2 S 2 P 2 E 1 Q 1 Q 2 E 2 Q’ Decrease in Supply Shortage Product Pricing and Netback analysis Week 9

19. P D Q D S 1 S 1 Q 1 P 1 Q 2 S 2 S 2 P 2 E 1 E 2 Q’ Increase in Supply Surplus Product Pricing and Netback analysis Week 9

20. S Q S D 1 D 1 Q 1 D 2 D 2 Q 2 E 1 E 2 P 1 P 2 P Q’ Shortage Increase in Demand Product Pricing and Netback analysis Week 9

21. S 1 S 1 S 2 S 2 D 1 D 1 D 2 D 2 E 1 E 2 Quantity Q 1 Q 2 P P 2 P 1 Large Increase in Demand and Small Increase in Supply Product Pricing and Netback analysis Week 9

22. S 1 S 1 S 2 S 2 D 1 D 1 D 2 D 2 E 1 E 2 Quantity Q 1 Q 2 P P 1 P 2 Small Increase in Demand and Large Increase in Supply Product Pricing and Netback analysis Week 9

23. S 1 S 1 S 2 S 2 D 1 D 1 D 2 D 2 E 1 E 2 Quantity Q 1 Q 2 P’ P Equal Increase in Demand and Supply Product Pricing and Netback analysis Week 9