Содержание
- 2. Supply, Demand, and Government Policies In a free, unregulated market system, market forces establish equilibrium prices
- 3. Price Controls... Are usually enacted when policymakers believe the market price is unfair to buyers or
- 4. Price Ceilings & Price Floors Price Ceiling A legally established maximum price at which a good
- 5. Price Ceilings Two outcomes are possible when the government imposes a price ceiling: The price
- 6. A Price Ceiling That Is Not Binding... $4 3 Quantity of Ice-Cream Cones 0 Price of
- 7. A Price Ceiling That Is Binding... $3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone
- 8. Effects of Price Ceilings A binding price ceiling creates ... shortages because QD > QS. Example:
- 9. Lines at the Gas Pump In 1973 OPEC raised the price of crude oil in world
- 10. The Price Ceiling on Gasoline Is Not Binding... $4 P1 Quantity of Gasoline 0 Price of
- 11. The Price Ceiling on Gasoline Is Binding... P1 Quantity of Gasoline 0 Price of Gasoline Q1
- 12. Rent Control Rent controls are ceilings placed on the rents that landlords may charge their tenants.
- 13. Rent Control in the Short Run... Quantity of Apartments 0 Rental Price of Apartment Demand Supply
- 14. Rent Control in the Long Run... Quantity of Apartments 0 Rental Price of Apartment Demand Supply
- 15. Price Floors When the government imposes a price floor, two outcomes are possible. The price floor
- 16. A Price Floor That Is Not Binding... $3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream
- 17. A Price Floor That Is Binding... $3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone
- 18. Effects of a Price Floor A price floor prevents supply and demand from moving toward the
- 19. Effects of a Price Floor A binding price floor causes . . . a surplus because
- 20. The Minimum Wage An important example of a price floor is the minimum wage. Minimum wage
- 21. The Minimum Wage Quantity of Labor 0 Wage Labor demand Labor supply A Free Labor Market
- 22. The Minimum Wage Quantity of Labor 0 Wage Labor demand Labor supply A Labor Market with
- 23. Taxes Governments levy taxes to raise revenue for public projects.
- 24. What are some potential impacts of taxes? Taxes discourage market activity. When a good is taxed,
- 25. Taxes Tax incidence is the study of who bears the burden of a tax. Taxes result
- 26. Impact of a 50¢ Tax Levied on Buyers... 3.00 Quantity of Ice-Cream Cones 0 Price of
- 27. 3.00 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone 100 90 D1 D2 Supply, S1
- 28. What was the impact of tax? Taxes discourage market activity. When a good is taxed, the
- 29. 3.00 0 100 S1 Demand, D1 Impact of a 50¢ Tax on Sellers... Copyright © 2001
- 30. A Payroll Tax Quantity of Labor 0 Wage Labor demand Labor supply
- 31. The Incidence of Tax In what proportions is the burden of the tax divided? How do
- 32. Elastic Supply, Inelastic Demand... Quantity 0 Price Demand Supply
- 33. Inelastic Supply, Elastic Demand... Quantity 0 Price Demand Supply
- 34. So, how is the burden of the tax divided? The burden of a tax falls more
- 35. Summary Price controls include price ceilings and price floors. A price ceiling is a legal maximum
- 36. Summary Taxes are used to raise revenue for public purposes. When the government levies a tax
- 37. Summary The incidence of a tax refers to who bears the burden of a tax. The
- 39. A Price Ceiling That Is Not Binding... Harcourt, Inc. items and derived items copyright © 2001
- 40. A Price Ceiling That Is Binding... Harcourt, Inc. items and derived items copyright © 2001 by
- 41. The Price Ceiling on Gasoline Is Not Binding...
- 42. The Price Ceiling on Gasoline Is Binding...
- 43. Rent Control in the Short Run... Supply and demand for apartments are relatively inelastic
- 44. Rent Control in the Long Run...
- 45. A Price Floor That Is Not Binding...
- 46. A Price Floor That Is Binding... Harcourt, Inc. items and derived items copyright © 2001 by
- 47. The Minimum Wage
- 48. The Minimum Wage
- 49. Impact of a 50¢ Tax Levied on Buyers...
- 50. Impact of a 50¢ Tax Levied on Buyers...
- 51. Impact of a 50¢ Tax on Sellers...
- 52. A Payroll Tax
- 53. Elastic Supply, Inelastic Demand...
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