Unformatted text preview: a. Price elasticity of demand, income elasticity of demand, and cross price elasticity of demand b. Price elasticity of supply Chapter 6: Supply, Demand, and government policies a. Price ceiling b. Price floor c. Taxes i. Who pays the tax: Does it matter? ii. Who bears the burden of the tax Chapter 7: Consumers, producers, and the efficiency of markets a. Consumer Surplus b. Producer Surplus c. Market Efficiency...
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This note was uploaded on 09/14/2009 for the course ECON 304K taught by Professor Ledyard during the Fall '08 term at University of Texas.
- Fall '08