Unformatted text preview: iii. Government revenue-taxation is a problem -2 equilibrium prices-price buyer pay, price buyers reveice iv. Deadweight loss v. Examples 3. Examples a. Who bears the burden of a tax? b. How is economic surplus affected? III. NEXT TIME A. Finish Chapter 8: “Taxation and Government Intervention” B. Begin Chapter 12: “Production and Cost Analysis I”...
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- Fall '07
- Supply And Demand, economic surplus, A. Practice Problems, i. Consumer surplus, ii. Producer surplus